PFC rose 240% in 2023. Will the rally continue this year?
Can the stock maintain its momentum? Find out…
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Can the stock maintain its momentum? Find out…
Power Finance Corporation (PFC) has become the first Indian government-owned entity to collaborate with SACE, the Italian export credit agency. Under the 'Push Strategy' initiative, PFC and SACE will establish an innovative ECA-backed financing facility, benefiting from an 80% guarantee from SACE.
The Goa government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and facilitating collaboration among stakeholders, it said.
PFCs failure to adhere to the LCR requirement was a result of inclusion of ineligible assets as High-Quality Liquid Assets (HQLA), the RBI said. The LCR, requires entities to hold adequate HQLA to meet a certain number of outflows. The HQLA is primarily made up of government securities.
On Budget day, the Nifty 50 is likely to trade in the range of 21,500 on the lower side, and 21,900 on the higher side.