InvestorQ : How has been the loan sanctioning activity of PFC during the last fiscal year?
Riya Dwivedi made post

How has been the loan sanctioning activity of PFC during the last fiscal year?

Answer
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rhea Babu answered.
3 months ago


PFC reported that it had sanctioned loans of over Rs.100,000 crore for power projects during fiscal year 2019-20. Out of these sanctions, PFC managed to actually disbursed power loans to the tune of Rs.68,000 crore. It may be recollected that last year Rural Electrification Corporation had been merged into PFC making it the largest power financing NBFC.

What is interesting is that PFC disbursed Rs.11,000 crore of loans during the last week of March even as the Indian economy was under a nationwide lockdown to contain the spread of COVID-19. One positive development for PFC was that its gross NPAs or non performing assets improved from 4.55% last year to 3.8% in the current year.