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The Reserve Bank of India soon to relax the prudential norms for power sector finance companies such as Power Finance Corp (PFC) to enable them to lend more.It may also increase the exposure limit of banks for the power sector non banking finance companies (NBFC) to help them fund a large number of projects.
people says target of 300+ on Budget day ????
KEY +IVES >>A focus on secured lending (as the loans are secured by escrow accounts or assets), superior asset quality (Gross NPA is 0.02 per cent of the total advances) and the ability to source funds at low costs (given its sovereign credit rating) are key positives.
Power Finance Corporation (PFC) have agreed to lend close to Rs 4,000 crore to Reliance Power for its proposed 4,000 MW ultra mega power project (UMPP) at Krishnapatnam in Andhra Pradesh costing over Rs 17,000 crore.