Power Finance Corporation to raise lending rateMay 11th, 2011 - 10:32 pm ICT by IANS
Kolkata, May 11 (IANS) The Power Finance Corporation (PFC), the financial institution dedicated to power sector financing, will shortly raise its lending rate to adjust it according to current market situation, a top company executive said Wednesday.
“We will have to adjust our rates according to current market scene. It will be within this month. The hike could be between 25 to 50 basis points,” PFC Executive Director (Finance) Nalini Shastri Vanjani told reporters here.
She said the current lending rate varies between 11.5 percent and 13 percent.
PFC Director (Projects) Rajeev Sharma said: “We have a small group which looks into financing linkages. One such funding is approved in India.”
The corporation had not yet taken a final decision on overseas funding for such linkages, including coal blocks, he added.
- PFC plans picking up stake in power firms - May 09, 2011
- Power Finance may slash interest rates by 25 bps - Jul 02, 2009
- Loans set to pinch more as central bank hikes interest rates (Roundup) - Jul 26, 2011
- Tamil Nadu to annul Udangudi power joint venture soon - Jun 18, 2012
- Tamil Nadu power units to raise Rs.11,000 crore - Mar 12, 2012
- India plans sovereign fund to buy coal assets abroad - May 04, 2012
- Inflation will come down by December: Pranab - Oct 31, 2011
- Tamil Nadu scraps power joint venture, BHEL surprised (Lead) - Feb 24, 2012
- Inflation-focussed RBI hikes rates again, may hold off another revision - Oct 25, 2011
- Economists divided on impact of rate hikes on India's growth - Sep 20, 2011
- Rate hike will bring down inflation to 6 percent: Pranab - Jul 26, 2011
- Industry hails RBI intent not to hike rates further - Oct 25, 2011
- Tamil Nadu hopes to save Rs.900 crore in Udangudi project - Feb 29, 2012
- Policy rates up again as Indian central bank acts on inflation (Roundup) - Mar 17, 2011
- India's central bank hikes rates again to fix inflation (Roundup) - Nov 02, 2010
Tags: basis points, coal, company executive, current market, director finance, director projects, executive director, final decision, financial institution, India, linkages, market situation, nalini, pfc, power finance corporation, power sector, rajeev sharma, shastri, small group