Power Finance Corporation to hike lending rates

On the backdrop of a high interest rate scenario, state-run Power Finance Corporation (PFC) is planning to hike its lending rates by 25 to 50 basis points with in May 2011. 

The current lending rates of PFC is between 11.5 and 13 % depending on the project and other factors.  The new lending rates will also be reflected on the renewable energy projects under consideration.

Advertisements
This entry was posted in Finance and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s