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    HomeNewsBusinessPFS gets Rs 1,400-cr credit facilities from SBI

    PFS gets Rs 1,400-cr credit facilities from SBI

    This arrangement also includes a partial credit enhancement (PCE) facility of Rs 400 crore, which will support Rs 2,000 crore bond issuance.

    PTI
    January 07, 2019 / 20:54 IST
    SBI | Bank signed a loan agreement of $1 billion with Japan Bank and other lenders for international cooperation. (Image: PTI)
       
       
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      PTC India Financial Services (PFS) said it has received a sanction for credit facilities of Rs 1,400 crore from State Bank of India (SBI).

      This arrangement also includes a partial credit enhancement (PCE) facility of Rs 400 crore, which will support Rs 2,000 crore bond issuance.

      In November 2018, the Reserve Bank of India allowed banks to provide PCE limits to non-banking finance companies (NBFCs) in view of cash crunch faced by such entities.

      PTI
      first published: Jan 7, 2019 08:43 pm

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