IREDA, PFC, REC, PSU Bank shares will see a reaction today; Here’s why
Shares of state-run project financing companies like IREDA, PFC, REC, HUDCO and IRFC Ltd. will be in focus on Friday, June 20, after the Reserve Bank of India finalised the project financing guidelines. As per the finalised guidelines, the Provision Coverage Ratio (PCR) requirement for projects under construction will be at 1% of the total…