PTC Financial Services raises Rs 275 crore from IIFCL in its first ever borrowing since crisis

The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET. PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET.PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments.Its assets under management shrunk to around Rs 7300 at the end of December 2022 crore from Rs 8652 crore nine months prior to that.

from Banking/Finance-Industry-Economic Times https://ift.tt/28imo3E