Parminder Chopra: First woman to become CMD of PFC
Parminder Chopra has been recommended by the Public Enterprise Selection Board (PESB) to become the next Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), India’s largest Non-Banking Financial Company (NBFC) by net worth. If appointed, she will be the first woman to hold the position.
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In the third quarter of the financial year 2022-23, PFC experienced a 7% year-on-year growth in its consolidated net profit, which reached ₹5,241.10 crore. The company’s total income also increased to ₹19,662.65 crore during the quarter, up from ₹19,213.69 crore in the same period the previous year.
Additionally, PFC’s consolidated loan asset book surpassed ₹8 lakh crore, reaching ₹8,04,526 crore as of December 31, 2022. In the first nine months of FY23, consolidated disbursements exceeded the ₹1 lakh crore mark, totaling ₹1,06,875 crore, and experienced a 28% year-on-year growth.
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