Q1-FY25 · Parminder Chopra
This transformation exercise has temporarily slowed down our normal business operations. I am confident that once the processes stabilizes, we will be able to maintain our growth trajectory for FY 2025.
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Power Finance Corporation · tone and specificity signals across the available quarters.
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Q1-FY25 · Parminder Chopra
In KSK Mahanadi project, where resolution is being pursued in NCLT, we have received 10 bids last week. It's an 1,800 MW partly commissioned project with PFC outstanding amount of INR 3,300 crore. The evaluation of the bid is underway, and we expect more than 100% recovery against the project, basis the current bids received.
Q1-FY25 · Parminder Chopra
We follow the ECL model, and under stage two coverage, if I say it is 0.92% on an average, whereas in stage one it is 0.85%, on an average.
Q2-FY25 · Parminder Chopra
We have resolved around 55% of our stress asset pool. On resolution of these stress assets on an average we have achieved recovery of more than 60% which is among the highest in the infrastructure financing.
Q2-FY25 · Parminder Chopra
Maintaining the capital I think is going to be for a consistent growth going forward. We need some capital on the regular basis. But yes, to some extent during the intervening period we may have some reversals resulting in higher profits.
Q2-FY25 · Parminder Chopra
We have invited the bids and at one stage we have received the bids, but the evaluation process is still on. So I think in a month or so we may finalize the evaluation and then we will submit it to NCLT.
Q2-FY26 · Parminder Chopra
There has been definitely competition on various fronts. Earlier, we had competition with the banks. Now, we have IRFC, HUDCO, NABARD, and NaBFID also. There is definitely competition in the market, but I would say there is enough scope for each one of us to grow.
Q2-FY26 · Parminder Chopra
With a lot of routine repayments also, even if we have to grow at 10%-11%, we have to disburse around INR 2 lakh crore. And to grow at a base of last year, INR 5,41,000 crore itself is a huge amount. We would like to be prudent in our approach in lending.
Q2-FY26 · Parminder Chopra
In case of euro, we have longer maturities, which is starting from four to five years and going up to eight to nine years in view of the multilateral loans. In such cases, with the strengthening of the dollar in the near future, we are expecting that these losses will be reversed gradually from quarter to quarter.
Q3-FY25 · Parminder Chopra
We are expecting that there may be reversals... similarly, on the Shiga, in case of Shiga also, we are expecting that whatever resolution plan is under discussion, we may have 100% recovery.
Q3-FY25 · Parminder Chopra
We have maintained around 55% provisioning on the project. We expect more than 100% recovery against the project basis the current bids received.
Q3-FY25 · Parminder Chopra
Definitely, when we talk of the renewable, then we are earning slightly our spreads are slightly lower. But as the profit increases and loan growth continues at the same pace, we are expecting that NIM will be revolving in the similar range.