{"id":259662,"date":"2019-02-19T05:00:59","date_gmt":"2019-02-19T05:00:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259662"},"modified":"2019-02-19T05:00:59","modified_gmt":"2019-02-19T05:00:59","slug":"pfc-plans-to-resolve-20-30-npas-in-4-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-plans-to-resolve-20-30-npas-in-4-months\/","title":{"rendered":"PFC plans to resolve 20-30% NPAs in 4 months"},"content":{"rendered":"<p>MUMBAI:Power Finance CorporationNSE 1.79 % plans to resolve 20-30% of its stressed assets worth Rs 28,000 crore over the next four months, chairman Rajeev Sharma told ET. <\/p>\n<p>The state-run lender to power projects expects the upcoming acquisition of Rural Electrification CorporationNSE 2.67 % (REC) to help in and expedite resolution of some stressed assets. <\/p>\n<p>\u201cIn the next three to four months, I expect at least 20-30% of my stressed assets will be resolved. There will be a unique solution for each project. We have already made 52% provisioning and we expect that in some cases, there will be reversal of provisioning. Our bad days are over. Now, profits will increase,\u201d Sharma told ET ahead of a press and analyst meet. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI:Power Finance CorporationNSE 1.79 % plans to resolve 20-30% of its stressed assets worth Rs 28,000 crore over the next four months, chairman Rajeev Sharma told ET. The state-run lender to power projects expects the upcoming acquisition of Rural Electrification CorporationNSE 2.67 % (REC) to help in and expedite resolution of some stressed assets. \u201cIn the next three to four months, I expect at least 20-30% of my stressed assets will be resolved. There will be a unique solution for each project. We have already made 52% provisioning and we expect that in some cases, there will be reversal of [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-259662","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259662"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259662\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}