The joint venture can also form project-specific special purpose vehicle with equity holding by other stakeholders like banks, ports, public sector undertakings and mining companies.
On top of a highly rewarding banking business, the bank has equity holdings in companies engaged in power generation, automotive assembly, thrift banking, food manufacturing, etc.
It will hike the value of the government's equity holding in them and enable these utilities to reconstruct and refinance their loans and borrowings, resulting in a lower interest outgo.