PFC

Power Finance Corporation (PFC), India’s leading financial institution in the power sector, recorded a 6% year-on-year increase in net profit for Q3FY26, reaching Rs 8,212 crore. The growth was fueled by higher interest income from robust loan disbursements to power generation and distribution projects, along with improved asset quality and cost management. Revenue streams remained resilient despite sectoral challenges, including regulatory pressures and tariff fluctuations.

Power Finance Corporation (PFC), a state-owned financial giant, has announced the appointment of D V Subba Rao, the company’s Executive Director, as the new Head of Internal Audit. Rao’s appointment, effective May 9, 2025, marks a significant restructuring of the internal audit function, elevating it to a more senior level within the company. This strategic move is aimed at enhancing PFC's internal controls, risk management, and governance processes.