PFS board approves sanctioning of Rs 800 crore as loan

PTC India Financial Services Limited (PFS) on Friday said its board has approved a proposal to sanction Rs 800 crore as loan to borrowers. PFS is a non-banking finance company promoted by PTC India Limited.

A "board meeting dated December 9, 2022 (Friday) sanctioned additional loans of Rs 800 crore to various borrowers," the company said in a regulatory filing.

The company is committed to perform better in coming quarters to achieve sustainable growth, it said.