PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing «high-end exposure», PFC CMD Parminder Chopra said. The Power Finance Corporation (PFC) chairman and managing director (CMD) Parminder Chopra made the remarks in a post earnings call.
«The Board in its wisdom has decided that since it's a new sector for us, so we may not take that high-end exposure,» she said in reply to a question related to sanctioning loan to Shapoorji Pallonji.
Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction.
PFC had conducted a due diligence process related to sanctioning loan to Shapoorji Pallonji, she said.
It was finally decided not to go ahead with the sanctioning of the loan for Shapoorji Pallonji, the chairman said.
Finance
Crypto & NFT Mastery: From Basics to Advanced
By — CA Raj K Agrawal, Chartered Accountant
Leadership
Building Your Winning Startup Team: Key Strategies for Success
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
By — Metla Sudha Sekhar, IT Specialist and Developer
Strategy
ESG and Business Sustainability Strategy
By — Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader
Leadership
From Idea to Product: A Startup Development Guide
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Marketing
Digital Marketing