IFC to invest $100 million in JC Flowers India fund to help resolve NPAs

Under the project, which is an expansion of IFC's distressed asset recovery programme in India, the lender will invest up to USD 100 million in the JC Flowers India opportunities fund on meeting certain conditions, with an initial commitment of USD 40 million, IFC said on Wednesday.

from Banking/Finance-Industry-Economic Times https://ift.tt/3g9GHDh