PFC eyeing green energy loans
NEW DELHI : Power Finance Corp. Ltd (PFC), the largest power sector lender in India, is interested in acquiring Yes Bank Ltd’s green energy loans if they turn out to be good assets, PFC chairman and managing director Rajeev Sharma said.
Yes Bank, which was placed under moratorium by the Reserve Bank of India on Thursday night, has an exposure of about ₹12,000 crore to clean energy companies, making it one of the largest lenders to the sector, according to Mint research.
“If they are good performing assets and if it fits into our evaluation criteria and we find them viable, we will be interested,” Sharma said.
