DFC likely to cut lending rates

New Delhi, Jan 4: Delhi Financial Corporation (DFC) is planning to reduce its lending rate while diversifying into new markets and activities, Delhi finance minister Mahinder Singh Saathi said on Friday.
DFC has already approached the Small Industries Development Bank of India (Sidbi) to allow it to finance construction of educational and vocational institutions, vehicles purchased by such institutions for captive use and rain water harvesting structure, Mr Saathi said at a news conference here.

— PTI