PFC meaning in Banking ?

Answer:

What is Power Finance Corporation mean?

Power Finance Corporation Ltd. (P. F. C.) is an Indian financial institution under the ownership of Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian Power Sector. PFC's Net worth as on 30 September 2018 is INR 383 billion. PFC is the 8th highest profit making Central Public Sector Enterprise (CPSE) as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India's largest NBFC and also India's largest infrastructure finance company. Government has raised status of PFC from ' Navratna' to 'Maharatna' company on 12 October 2021.

Initially wholly owned by the Government of India, the company issued an initial public offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian company. PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is also an ISO 9001:2000 certified company and enjoys the status of Navratna Company in India. On 6 December 2018, the Government of India approved PFC's takeover of REC. The acquisition transaction was completed on 28 March 2019 with PFC paying almost Rs. 14,500 Crs to the Govt. of India for the 52.63% stake.

reference

Full Form	Category
Power Factor Correction	Academic & Science
Process Flow Chart	Academic & Science
Permeable Friction Surface	Academic & Science
Permeable Friction Course	Academic & Science
Prepaid Finance Charge	Accounts and Finance
Pacific City (or)	Airport Code
Power Finance Corporation	Banking
Physicians Free Clinic	Business
Polyester Film Capacitor	Business
Public Functioning Condition	Business
Properly Functioning Condition	Business
Policy Feature Card	Business
PMCC Financial Corporation	Business
Primary First Class	Business
Pennies For Communication	Business
Perfect For Cleaning	Business
Professional Finance Company	Business
Performance Friction Corporation	Business
Products Finishing Corporation	Business
Petrofac	Business
Prepaid Finance Charges	Business
Personal Financial Coach	Business
Professional Financial Centre	Business
Patient Focused Certification	Certifications
Pourable Fluid Capacity	Chemistry
Parent Faculty Club	Community
Pioneers For Christ	Community
Post Flood Check	Community
Players For Christ	Community
Posting For Chapter	Community
Press For Change	Community
Precision Forestry Cooperative	Community
Powerchair Football Club	Community
Photography and Films Club	Community
Press Fit Condylar	Community
Pentax Fans Club	Community
Protocol Field Compression	Computing
Powerbuilder Foundation Classes	Computing
Portal Foundation Classes	Computing
Padus Foundation Classes	Computing
Priority Based Flow Control	Computing
Pokemon Fan Club	Computing
Per-fluorocarbon	Electronics
Power Frequency Control	Electronics
Pf Component	File Type
Text File (first Choice)	File Type
Peak Friction Coefficient	General
Performance Fuel Catalysts	General
Peugeot Fan Club	General
Pink Flying Catgoyle	General
Potential Football Club	General
Pretty Feeble Clowns	General
Palace Fried Chicken	General
Party For Charlie	General
Personal File Cabinet	General
Pike Freshman Center	General
Press-Fit Component	General
Pacific Fertility Center	General
Post Fire Coalition	General
Provincial Fighting Championship	General
Power Factor Corrected	General
Philatelic Foundation Certificate	General
Proportion of Fatal Cases	General
Playground Fried Chicken	General
Primary Flight Computer	General
Power Factor Controller	General
Prolonged Field Care	General
Particle Flow Code	General
P*P*ssy For Corporal	General
Pickford Film Center	General
Promotion Fulfillment Center	General
Flexible Circuits	General
Priority Flow Control	General
Plaque Forming Cell	General
Phonologie du Français contemporain	General
Protein Fat and Carbohydrate	General
Performance Fuel Conditioner	General
Pure Fuel Conditioner	General
Porsche Forum Club	General
Protein Fat And Carbohydrates	General
Pirituba Fusca Club	General
Paraguay Fusca Club	General
Padus Foundation Class	General
Performance Friction	General
Parallel Flow Condenser	General
Proportional Feathering Control	Governmental
Passenger Facility Charge	Governmental
Portsmouth Freight Centre	Governmental
perfluorinated compound	Medical
prefrontal cortex	Medical
Private First Class - Army, Usmc	Military and Defence
Private First Class	Military and Defence
Plug Fire Cartridge	Military and Defence
Policy Feature Card (cisco)	Networking
Progressive Flow Control	Networking
Physics Frontiers Centers	Physics Related
Parallel Flange Channel	Physics Related
Public Financial Corporation	Regional
Philanthropic Foundations Canada	Regional
Personal Filing Cabinet	Softwares
Performance Flight Certification	Space Science
Postflight Checkout	Space Science
Power Factor Corrector	Space Science
Preflight Certification	Space Science
Preliminary Flight Certification	Space Science
Powerbuilder Foundation Class	Sports
Partizan Belgrade Football Club	Sports
Portsmouth Football Club	Sports
Programming Fun Challenge	Sports
Professional Football Club	Sports
Physical Fitness Center	Sports
Pacific City State Airport	Transport & Travel