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Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country's leading NBFC in the power sector, has won the prestigious "South Asian Federation of Accountants" (SAFA) Gold Award in the 'Best Presented Accounts/Annual Report Awards' (BPA) for the Financial Year 2020-21 in 'Public Sector Entities' category.PFC was bestowed with this coveted award for its highest level of transparency in accounting practices and for achieving excellence in the presentation and disclosure of high-quality, relevant, reliable and objective financial statements in accordance with the international framework.The SAFA BPA Award is considered the most prestigious accolade for financial reporting in the entire South Asian region. This is the first time since the inception of these awards in 1997 that any Indian Company has won a 'Gold' in the category of "Public Sector Entities". It is worth mentioning here that PFC had earlier won the ICAI (Institute of Chartered Accountants of India) award for excellence in financial reporting in the 'Public Sector Entities' category for the Financial Year 2020-21. Based upon the quality of financial reporting, ICAI every year selects a few entries out of the awardees of excellence in financial reporting for sending to SAFA, which this year included PFC. The financials of PFC competed against entries from entire South Asian Companies and was ultimately declared the winner by the jury. Parminder Chopra, Director (Finance), R K Malhotra, ED (Finance) and Mohd. Salim, GM (Finance), PFC received this prestigious award at the award distribution ceremony held on December 18, 2022, in Kathmandu, Nepal.This story has been provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Parminder chopra, Latest News

Business :PFC Group clocked the highest annual Profit After Tax (PAT) with a 13 per cent increase from Rs 18,768 cr. in FY'22 to Rs 21,179 cr. in FY'23

NewsVoir New Delhi [India], May 30: Power Finance Corporation (PFC) on Saturday posted an over 44 per cent jump ... ...

Business :Power Finance Corporation group clocks highest-ever annual profit after tax in FY23

New Delhi [India], May 28 : State-owned Power Finance Corporation (PFC) Corporation posted its highest annual Profit After Tax ... ...

Business :PFC bags SAFA Gold Award for Best Presented Accounts/Annual Report

Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country's leading NBFC in the power sector, has won the prestigious "South Asian Federation of Accountants" (SAFA) Gold Award in the 'Best Presented Accounts/Annual Report Awards' (BPA) f ...

Business :Parminder Chopra takes charge as Director (Finance) at PFC

Parminder Chopra took charge as the Director (Finance) of the government-owned Power Finance Corporation (PFC) on Wednesday. ...