Slide can continue: PFC
TP 100-110

Loan accounts of power producers in banking sector have mostly been classified as NPAs. PFC in the past had been repeatedly restructuring loans of defaulting borrowers and treated same as Standard Assets. However with implementing RBI guidelines, cockroaches are tumbling out.

Networth.  36844cr

Gnpa           30718cr

It means *Gnpa are 83% of co's Networth* which is bad scenario by any yardstick

FRESH SLIPPAGES 23000CR

RESTRUCTURED ASSETS 59304CR

Above data enough to conclude that NPA levels of PFC unlikely to come down. In coming quarters, *provisioning may increase and haircut* to settle or restructure loan accounts will follow

_Large portion of funding is for Thermal Power which has long gestation period, facing huge time and cost oveerun and becoming uncompetitive vs alternate source of energy_

We are afraid that fate of PFC may be similar to PSU banks