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Home › Banks ›
Bank
Power Finance Corporation (PFC)India

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
About
Website http://www.pfcindia.com
Headquarters
1, Barakhamba Lane, Connaught Place
110 001 New Delhi
India
CEO/chair Shri M.K.Goel
Managing Director
Supervisor
Reserve Bank of India
Ownership
listed on Bombay Stock Exchange & NSE

Initially wholly owned by the Govt. of India who remains to be the biggest shareholder. 

PFC presently has nine subsidiary companies.

PFC Consulting Ltd. (PFCCL) is a wholly owned subsidiary handling fee based services. The six other companies, namely Coastal Karnataka Power Limited, Coastal Tamil Nadu Power Limited, Coastal Maharashtra Power Limited, Orissa Integrated Power Limited, Jharkhand Integrated Power Limited and Akaltara Power Limited, are SPVs (shell companies) created for implementing the Ultra Mega Power Projects.

Power Finance Corporation Ltd. is an Indian financial institution. Established in 1986, it is the financial back bone of Indian Power Sector.

 

Sustainability
Policies
Voluntary standards

Go here for the corporate social responsibility policy of the Power Finance Corporation Ltd. and for their most recent list of projects. 

2015-04-07 00:00:00

CSR Policy

Bank policy
2015-04-07 00:00:00 | PFC
2015-04-07 00:00:00

List of CSR & SD projects

Bank policy
2015-04-07 00:00:00 | PFC
2013-10-29 00:00:00

CSR & SD Policy

Bank policy
2013-10-29 00:00:00 | Power Finance Corporation
Power Finance Corporation (PFC) has committed itself to the following voluntary standards:
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Power Finance Corporation (PFC) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Power Finance Corporation (PFC)'s link to these deals.

Resources
Documents
Links
2015-04-07 00:00:00

Annual Report 2013-2014

Annual report
2015-04-07 00:00:00 | PFC
2015-04-07 00:00:00

CSR Policy

Bank policy
2015-04-07 00:00:00 | PFC
2015-04-07 00:00:00

List of CSR & SD projects

Bank policy
2015-04-07 00:00:00 | PFC
2013-10-29 00:00:00

CSR & SD Policy

Bank policy
2013-10-29 00:00:00 | Power Finance Corporation
2013-09-06 00:00:00

Annual Report 2012 - 13

Annual report
2013-09-06 00:00:00 | Power Finance Corporation

Corporate Social Responsibility

CSR Pages of Power Finance Corporation Ltd.
Accountability

This page evaluates Power Finance Corporation (PFC)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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