Net NPA ratio also saw a sharp reduction of 171 bps from FY20. The current Net NPA ratio is at 2.09 per cent against 3.80 per cent in FY20. The lender said that 25 percent of its ‘stressed book’ got resolved in FY 21. The capital adequacy ratio of the company has also improved sequentially to 18.83 per cent as on March 31, 2021. The capital adequacy is at a comfortable level with sufficient cushion over & above the prescribed regulatory limits.

Under the AatmaNirbharDiscoms liquidity support announced by the government, PFC & its subsidiary REC, combined together have so far sanctioned Rs 1,34,782 crore and disbursed Rs 78,855 crore. “I am extremely pleased with our FY 21 results despite the many headwinds faced during the year. The impressive performance in FY 21 as is evident from the highest ever profit, underlines the inherent strengths of PFC in handling adverse economic events. Going forward also, we are committed to deliver long-term value to our shareholders,” Chairman and Managing Director R.S. Dhillon said.