Must Read

PFC: Parminder Chopra takes charge as Director, Finance

By IndianMandarins- 01 Jul 2020
1493

pfc-parminder-chopra-takes-charge-as-director-finance-

The Power Finance Corporation (PFC) on Wednesday announced that Parminder Chopra took charge as Director, Finance. Mrs Chopra replaces N B Gupta, who retired superannuated on 30 June 2020. Prior to this, she worked as Executive Director (Finance) in PFC.

With over 32 years of rich and varied experience, she specializes in handling crucial and core finance functions such as fund mobilization, corporate accounts, banking, treasury, asset-liability management, stressed asset resolution etc.

Before she joined PFC in Yr 2005, she was associated with key organizations in the power sector like National Hydroelectric Power Corporation of India (NHPC) and Power Grid Corporation of India (PGCIL).

In PFC she spearheaded the key initiative to diversify PFC’s fund mobilization to international markets that allowed the lender to raise money at lower costs. With her focussed approach, the share of fund mobilization in foreign currency grew

from a meager 2% to 15% within a short span of 2 years. She has also been lauded for many firsts including the launch of PFC’s maiden Green Bond issue and PFC’s first fund raising from the US bond market under sec 144(a). She also played a key role in PFC’s mega acquisition of Government of India’s holding of 52.63% in REC Ltd and overcame challenges related to PFC’s capital adequacy levels and negotiations with various parties regarding PFC’s borrowing agreements & domestic and international credit rating.  

ALSO READ:

PFC: Parminder Chopra selected for Director Board-level position


free stat counter