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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