Green loans up by 92.68% to Rs11,297 crore
FinTech BizNews Service
Mumbai, 5 October, 2024: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth Rs90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to Rs11,297 crore.
In Q2 FY24-25, REC disbursed loans amounting to Rs 47,303 crore, which is higher by 13.71% compared to Rs 41,598 crore disbursed in Q2 FY23-24. Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35% YoY.
Renewable energy loans accounted for 13% of total disbursals in Q2 FY24-25 as against 10% in Q2 FY23-24.
