PFC reports loan growth of 14% YoY, continues as largest NBFC Group
Net Interest Income (NII) for the quarter stood at Rs 4,237 crore, which is flat compared to the December quarter and up 22 per cent compared to the same period last year.
Net Interest Income (NII) for the quarter stood at Rs 4,237 crore, which is flat compared to the December quarter and up 22 per cent compared to the same period last year.
At the close, Sensex was 17 points, or 0.02 per cent, higher at 73,895.54, while the Nifty 50 closed 33 points, 0.15 per cent , lower at 22,442.70.
In his speech as chief guest for the occasion, Pankaj Agarwal emphasized the importance of ethical conduct and integrity.
This financial support to Assam Petrochemicals (APL) aims to facilitate the establishment of a 500-tonne-per-day methanol plant in Namrup in Upper Assam and a 200-tonne-per-day formalin plant in Boitamari, in lower Assam.
The SAFA BPA Award is considered the most prestigious accolade for financial reporting in the entire South Asian region.
PFC recently organized Southern Region State Utilities Conference on “PFC’s Financing in Dynamic Regulatory Environment” at Sanchi-Bhopal with participation from 23 State Sector Utilities of Southern Region.
Interim dividend for FY 2020-21 at the rate of Rs 8 per equity share of face value of Rs 10 each were declared by PFC board.
At least 75 per cent of the proceeds would go towards onward lending and financing/refinancing of existing debt.
While wishing that the stimulus will succeed in its stated objective, it would probably have been better had the Government chosen to put money in the citizen's hands by increasing Government spending and providing employment to the crores rendered jobless by the pandemic because a supply-side monetarist approach may not be the best way to reboot our economy.
