PFC shares surge 6% following RBI guidelines
Power Finance Corporation (PFC) shares shot up nearly 6% to ₹412 on Friday, bouncing back from recent losses.
The boost came right after the Reserve Bank of India (RBI) made it easier for lenders to fund under-construction infrastructure projects—a move that could help power, housing, roads, and railways get much-needed cash.
RBI's move to boost infrastructure funding
If you follow finance or just care about how big projects get built in India, this is a pretty big deal.
By cutting the amount of money lenders like PFC need to set aside for risky loans, the RBI has basically freed up more funds for new projects.
That means more action in sectors that impact daily life and jobs.
PFC's stock had been struggling due to regulatory uncertainty
PFC's stock had been struggling due to regulatory uncertainty, dropping 9% over six months.
Now, with these relaxed rules kicking in, analysts expect project funding to speed up.
The market's positive reaction shows renewed confidence in PFC's future lending power and asset quality—good news if you're watching infrastructure or thinking about investing.