PFC ends FY20 on a strong note, with loan sanctions of over Rs 1 trillion
State-owned financier Power Finance Corporation (PFC) has ended financial year 2019-20 (April-March) on a strong note despite numerous challenges including outbreak of COVID 19.
The lending institution delivered a sound financial performance with loan sanctions of more than Rs 1 lakh crore along with Loan Disbursements of about Rs 68,000 Crore in the last financial year.
The highlight of the year was disbursement of Rs 11,000 crore in the last week of March 2020 despite the nationwide lockdown to contain the spread of COVID-19.
Backed by strong IT infrastructure, PFC managed this feat of sizeable disbursement even though the employees were working from home.
