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FI loan to industry dips to Rs 17,900 crore
New Delhi, July 25: Economic slowdown took a heavy toll on some of the financial institutions like IDBI, IFCI and IIBI, with cumulative loan disbursement falling by 22.4 per cent at Rs 17,878 crore in the last fiscal while non-performing assets mounted to over Rs 12,600 crore.
But the cumulative loan disbursement of IDBI, IFCI, Sidbi, Exim Bank and IIBI fell by 22.4 per cent to Rs 17,878 crore last fiscal from Rs 21,885 crore in 2001-02, they said.
The credit offtake from these five FIs was much higher at Rs 28,600 crore in 2000-01.
IDBI, which intends to convert itself from a term lending institution to a universal bank, drastically reduced its lending to Rs 7,330 crore last fiscal from Rs 6,500 crore in 2001-02 and Rs 8,371 crore in 2000-01.
In pursuit of its universal banking dream, ICICI too had reduced its term lending activities to a little over Rs 5,000 crore from Rs 20,555 crore during April-December 2001-02 and Rs 31,665 crore in 2000-01. ICICI Bank was merged with ICICI during last fiscal year.
Bureau Report