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.

SBI | Bank signed a loan agreement of $1 billion with Japan Bank and other lenders for international cooperation. (Image: PTI)

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.

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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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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.

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