Tamil Nadu Power Finance sees four-fold increase in deposits

Tamil Nadu Power Finance sees four-fold increase in deposits

The Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (TNPF and IDCL), wholly owned by the government of Tamil Nadu, has seen a four-fold increase in new deposits to ₹100 crore during the ongoing COVID-19 lockdown period, thanks to launch of its online services.

The company is registered with the RBI as a deposit taking Non-Banking Financial Company. It mobilises funds through various fixed deposit schemes and provides financial assistance to infrastructure projects.

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