On Thursday, Fortescue Metals Group as the Australia’s third-largest iron ore miner leaved plans to secure a $1 billion unsecured term loan. It is to help fund its target of hiking production from 40 million mt/year to 155 million mt/year by June 2014. The decision will not impact the expansion as it has cash flow [...]
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Rising defaults in bank loans concern finance minister Pranab Mukherjee. Deliberate policy to ensure bank lending continued despite a slowdown after the global crisis that taken by the RBI and the government make Rising non-performing assets (NPAs). To keep the wheels of the economy churning the system was kept flush with liquidity and banks were [...]
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