Infra finance major PTC India issues fresh loans worth Rs 884 in Q4 FY20

Infrastructure finance company PTC India Financial Services on Monday reported issuing fresh loans of Rs 884 crore and further disbursements of about Rs 511 crore during the quarter ended March (Q4 FY20).

Existing credit lines of Rs 800 crore were renewed and fresh long-term credit lines of Rs 600 crore were received, it said.

PTC said the long-term to short-term liability ratio improved to 91:9 per cent and debt-equity improved to 4.43 as on March 31. The stress or non-performing asset (NPA) accounts of nearly Rs 144 crore were resolved during Q4 FY20.

The company said gross GNP accounts stood