The Hindu Business Line : FMO to raise exposure to financial sector

Talking to Business Line here recently, Ms Ella de Vette, Investment Officer, Equity Department, FMO, said the exposure would be both in terms of equity and debt.

Asked on the overall portfolio projections for the current financial year, she said besides financial services, FMO was now looking more closely at the infrastructure sector, particularly the power sector.

FMO already has strategic alliances (both debt and equity) with private players in the financial services sector such as Srei International Finance. On the level of exposure, she said the equity component would be around $ 12 million. On the debt front (lines of credit), she declined to name a specific figure, but merely said that it was quite substantial.

Asked on the global portfolio profile structure, she said FMO's current exposure level would be around $1 billion, with equity component at $100 million or so.

"We have nearly reached the prescribed exposure limits in telecom sector," she said.

Send this article to Friends by E-Mail

Stories in this Section
Forex reserves rise $551 m

FMO to raise exposure to financial sector

Making politicians pay, the J&K Bank way

Andhra Bank ATMs to accept credit cards

Ministry, IRDA have a parking problem — Surplus funds proving elusive for Govt

Bank credit up Rs 2,718 cr