BANK ON LARGEST NBFC BY NET WORTH
HERE IS WHY
Largest NBFC Specialised financial institution A consistently profit-making and dividendpaying company
Incorporated on July 16, 1986, Power Finance Corporation Ltd. is a Schedule-a Navratna CPSE, and is a leading non-banking financial corporation in the country. PFC'S registered office is located at New Delhi and regional offices are located at Mumbai and Chennai. PFC vision is to be the leading institutional partner for the power and allied infrastructure sectors in India and overseas across the value chain.
PFC is the largest NBFC by net worth and is a specialised financial institution in power sector. PFC is a dominant player with around 20 per cent market share and is designated as a "Nodal Agency" for development of Integrated Power Development Scheme (IPDS), Ultra Mega Power Projects (UMPPS) and "Bid Process Coordinator" for Independent Transmission Projects (ITPS). An ISO 9001:2015 certified PFC is a consistently profit-making and dividendpaying company with strong asset quality. PFC enjoys one of the lowest administrative cost in the industry and boasts of consultancy and advisory services in strategic, financial, regulatory and capacity building skills under one umbrella.
Power Finance Corporation posted a loss of ₹3400 crore in the fourth quarter of FY17, as the provisions surged in accordance with the RBI norms. Due to the rise in provisions as consequence of