PFS to resolve Rs 500-cr bad debt
PTC India Financial Services (PFS) hopes to resolve another Rs 500 crore of its bad assets over the next three months, according to Pawan Singh, the company's newly appointed MD and CEO. "There are about Rs 1,700 crore of stressed assets on our books. Of this, we have already resolved about Rs 500 crore in the last 30 days. We hope to resolve another Rs 500 crore in the coming three months," Mr Singh has said. The resolved assets include SKS Power, which has been resolved through a one-time settlement, and Sispara
Wind, which has been taken over by an ARC.