PNB enters race for IFCI stake
The government's attempt to get IFCI back on track has run into one roadblock after another. Now as the North Block tries to revive the stake sale process, it may actually resort to bringing in another public sector bank to partner with IFCI. Sources tell NDTV that PNB is one potential partner which could be back in the race for a stake in IFCI, once the formal proposal for a stake sale is put out after next week's board meeting.
