NIM to Expand: PFC

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Under Section 54EC, Capital gain upto Rs 50 lacs arising from transfer of Long term Capital Assets *becomes tax free* if this capital gain is invested in bonds issued by entities notified by Govt of India. So far, NHAI and REC bonds are eligible.
Recently Govt has issued a notification as per which *PFC also can issue such bonds. It will enable PFC to raise funds at just 5-5.50%*
It will help PFC to lower it's Interest cost and increase NIM