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    A boy plays with a tyre in front of electric pylons installed at a power house in Kolkata February 21, 2013. India's Finance Minister Palaniappan Chidambaram will present one of the most highly anticipated budgets of recent years, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a ratings downgrade. Investors will watch closely to see whether he will fulfil his promise of fiscal prudence. Picture taken February 21, 2013. REUTERS/Rupak De Chowdhuri (INDIA - Tags: BUSINESS ENERGY POLITICS) - RTR3EDNJ
    A boy plays with a tyre in front of electric pylons installed at a power house in Kolkata February 21, 2013. India's Finance Minister Palaniappan Chidambaram will present one of the most highly anticipated budgets of recent years, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a ratings downgrade. Investors will watch closely to see whether he will fulfil his promise of fiscal prudence. Picture taken February 21, 2013. REUTERS/Rupak De Chowdhuri (INDIA - Tags: BUSINESS ENERGY POLITICS) - RTR3EDNJ

    business

    Company has lowest NPAs amongst all financing companies, says REC

    The Comptroller and Auditor General (CAG) earlier this month pulled up REC and PFC for failing to comply with RBI norms on loans to power companies, says due diligence was not conducted during credit appraisal. In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about this and more importantly the future growth issues.

    first published: Aug 21, 2017 12:20 pm

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