Power Finance Corporation will shortly hike its lending rate between 25 to 50 basis points. The current lending rate of PFC varies between 11.5 per cent and 13 per cent. The power sector lender was also open to finance overseas coal block acquisitions.
PFC’s 90.7 per cent of loans made to power generation, transmission,distribution, renovation and modernisation projects. The existing loan portfolio of Rs 3,300 crore in renewable energy would be transferred to a new subsidiary Power Finance CorporationGreen Energy Ltd that would focus only in renewable energy projects.crackcrack
