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Total bad loans had risen 5.8 per cent in July-December period last year. (Photo: Representational/PTI)

REC takeover: PFC to draw Rs 10,000 crore from reserves

The arrangement will appear in the not so distant future, making a noteworthy commitment to the Center's disinvestment...

11 Feb 2019 6:58 AM

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

PFC completes REC acquisition, pays Rs 14,500 cr to government

The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial...

28 March 2019 9:00 AM

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody's retains stable outlook for Power Finance Corp, Rural...

The ratings agency Moody's has confirmed the Baa3 issuer ratings of PFC and REC.

27 March 2019 2:18 PM

The main business of Rural Electrification Corporation (REC) Ltd is to finance power sector.

REC Ltd net profit rises 50 pc to Rs 1,256 crore in March quarter

REC Ltd's consolidated net profit for 2018-19 was Rs 5,741.38 crore, up from Rs 4,450.52 crore a year ago.

24 May 2019 12:54 PM

The Mahavitaran company has offered to waive the fine and interest on the electricity charges under the scheme. (Representational image)

Power Finance Corporation raises USD 1 bn from global market

PFC finances power sector projects and its main source of revenue is interest income on loans.

12 Jun 2019 12:07 PM

Government asks gencos, telcos to cap late payment surcharge at 12 pc. (PTI Photo)

Power ministry advises telcos to cap late payment surcharge at 12%

In general, the applicable rate of late payment surcharges is quite high despite the fact that interest rates softened...

23 Aug 2020 3:37 AM

Ola aims at investing Rs 100 crore in adding 1,00,000 drivers to its platform

PGCIL switches from local taxis to Ola for official visits

This move marks the departure from the usual practice of public sector units to use local taxis for official visits.

27 Jun 2017 8:26 AM