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| PFC plans to reduce interest rates by 25 bps | |
| BS Reporter / Kolkata July 2, 2009, 15:49 IST | |
State-run Power Finance Corporation (PFC) is looking at reducing its interest rate by 25 basis points, informed a company official.
Speaking on the sidelines of a press conference in Kolkata, M K Goel, director (institutional development & administration) PFC said “We always looking at re-aligning our interest rates to the market levels. We are looking at reducing our interest rates by 25 basis points.However, it will be difficult to say when the rate cut will be affected.”
The average lending rate of PFC is at present 11.75 per cent.
The company one of the largest specialised financier of power sector projects in the country expect a 15-20 per cent growth in disbursal this year.
Last financial year, the total disbursement was Rs 21,000 crore.
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