RBI imposes Rs 8.8 lakh penalty on Power Finance Corporation for non-compliance
PFC had not maintained the prescribed Liquidity Coverage Ratio (LCR) of 60 per cent as of March 31, 2022, as a result of the inclusion of ineligible assets as High-Quality Liquid Assets (HQLA) for the computation of the LCR, Reserve Bank said.
The statutory inspection of the company was conducted by RBI with reference to its financial position as of March 31, 2022. (ANI/File image)