The State Bank of India (SBI) has sanctioned a Rs 3 billion term loan to PTC India Financial Services Limited (PFS) for working capital augmentation. The loan has a tenor of three years including a moratorium of six months. The money received will be utilised to strengthen PFS’s cash flow and for onward funding to sustainable infrastructure projects. SBI has already given credit lines of Rs 14 billion and with this term loan, its exposure will increase to Rs 17 billion.
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