Last Date:23 April,2021
Power Finance Corporation Ltd.(PFC)
Delhi, Rajasthan
Power Finance Corporation (PFC) is inviting eligible candidates to apply online for 11 posts of Assistant Officer, Manager and Various.Interested and Eligible Candidates may apply online by 23-04-2021 , after making sure that they meet the concerned eligibility criteria. All personal and educational details must be mentioned properly.
Employment Notification 11 Assistant Officer, Manager and Various Vacancy – PFC,Delhi, Rajasthan
JOB DETAILS:
Name of the post– Assistant Officer, Manager and Various
No of post – 11
Pay Scale – Rs 30000 – 120000,Rs 60000 – 180000,Rs 80000 – 220000
Educational Qualification:
Graduation in any discipline,Post Graduate ,B.E./B.Tech.,MBA/M.E./M.Tech.
Apply to 11 Assistant Officer, Manager and Various Vacancy – PFC,Delhi, Rajasthan
General Conditions:
- All qualifications should be full time from Universities/Institutions recognized and approved in India by AICTE/ UGC / appropriate statutory authority. However for vacancies mentioned at sl. no 1, 2 & 6 qualification acquired from distance mode is also allowed.
- Candidate belonging to Government/Semi-Government organization/PSUs shall normally send their application through proper channel. However, in the event of difficulty, they may send the application directly and they will have to produce NOC from their organization in
case they are shortlisted for selection process. - Incomplete applications or applications received late will be summarily rejected.
- All computations of age/minimum experience requirement/qualification shall be done w.r.t April 23, 2021 (last date of advertisement). The date of declaration of result/issuance of mark sheet shall be deemed to be the date of acquiring the qualification and there shall be no relaxation on this account. Post qualification experience on a post/level shall be counted only from the date of assumption of charge.
- The mere fact that a candidate has submitted the application against the advertisement and apparently fulfilling criteria as prescribed in the advertisement would not bestow on him/her the right to be called for interview/considered for selection process.
- The total number of projected vacancies indicated in this advertisement may increase/ decrease/ be cancelled at the discretion of PFC Management, if need so arises, without any further notice and without assigning any reason thereof.
- Positions are advertised for PFC, postings can be at any of the Units/Projects/Regional Offices/JVs/Subsidiaries of PFC. All posts are transferable at the sole discretion of the Management.
- Single to and fro fare by shortest route as per the Corporation’s rules will be paid to outstation candidates called for interview on production of ticket/ proof of journey.
- The eligibility w.r.t. Nationality will be as per the existing policy of the Corporation. While applying for any post, the applicant should ensure that he/she fulfills the eligibility and other norms mentioned above, as on the specified dates and that the particulars furnished are correct in all respects. In case it is detected at any stage of recruitment that a candidate does not fulfill the eligibility norms and/or that he/she has furnished any incorrect /false information or has suppressed any material fact(s), his/her candidature will stand automatically cancelled. If any of the above shortcoming(s) is/are detected even after appointment, his/her services are liable to be terminated without any notice.
- Any legal proceeding in respect of any matter of claim or dispute arising out of this advertisement and/or any application in response thereto can be instituted only in Delhi and courts/ tribunals/ forums at Delhi only shall have sole and exclusive jurisdiction to try any such case/dispute.
- In case any ambiguity/dispute arises on account of interpretation in version other than English, English Version will prevail.
- As per the Rules of the Company, written test may be conducted in case the no. of shortlisted applications against above posts are large in number.
- No person shall be eligible for appointment who has previously been dismissed, removed or compulsory retired from the service of the corporation or from a department of a state or the central government or a local authority or from public sector undertaking or from an autonomous corporation. Further, the employees of the corporation who have resigned from the corporation’s service are also not eligible for reappointment.
- No person shall be eligible for appointment that has been convicted in a Court of law for any offence involving moral turpitude.
- No candidate who has more than one spouse living or who having a spouse living contracts another marriage which is void by reason of its taking place during the lifetime of such spouse, shall be eligible for appointment to any of the posts in the corporation except where this may be permitted under the Central Govt. Rules for its employees.
How To Apply:
Vacancy Notice 11 Assistant Officer, Manager and Various Vacancy – PFC,Delhi, Rajasthan
- Before filling the application, please make sure you are eligible and fulfill all the prescribed qualification & experiences for the post as per the advertisement.
- Eligible applicants would be required to Register and Apply Online through PFC’s website i.e. www.pfcindia.com (career page) from 1000 hours on April 03, 2021 to 17.00 hours on April 23, 2021.
- After successful registration of Basic information, Qualification, Experience, candidate may upload the following self-attested documents:
a)Proof of date of birth (class X certificate)
b). Qualification degrees, mark-sheets and any other certificate, if required, in support of specialization/ percentage/ mode of qualifications
c). Experience and Last Pay slip Certificate
d). Category Certificate SC/ST/OBC(NCL)/EWS/PwBD (if applicable)
e). Domicile of J&K during 01 Jan 1980 to 31 Dec. 1989 (if applicable)
f). Upload a recent passport size photograph and scanned copy of signature. - After successful uploading of documents, the applicants will be guided to payment gateway for online payment of application fee (Nonrefundable) of Rs.500/-(inclusive of GST) through Net-banking/Debit Card/Credit Card. The candidates who had applied against Advt.No.01/2019 and Advt.No.01/2020 and fulfilled all eligibility criteria against any positions under this advertisement are exempted from submission of application fees for fresh applying.
- After successful payment of application fee, candidates are required to select FINAL SUBMISSION OF APPLICATION. Please retain print-out of Application Form & Payment Acknowledgement Slip (as applicable) for future references. The applicant must ensure that transaction ID and
payment status (PAID), if applicable, is indicated on the application form. - Candidates should take utmost care in furnishing/providing the correct details while filling-up the on-line application. YOU CAN EDIT THE
INFORMATION BEFORE FINAL SUBMISSION OF APPLICATION. The applications cannot be modified/edited after final submission. - For any query/difficulty while filling up online application, candidate may contact telephone number 011-23456110/23456719(for online application system assistance)/ 011-23456346(for any advertisement related query).
About Us:
- Power Finance Corporation Ltd. (P. F. C.) is an Indian financial institution. Established in 1986, it is the financial backbone of Indian Power Sector. PFC’s Net worth as on 30 September 2018 is INR 383 billion.PFC is the 8th highest profit making CPSE as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India’s largest NBFC and also India’s largest infrastructure finance company.
- Initially wholly owned by the Government of India, the company issued an initial public offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian company.PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is also an ISO 9001:2000 certified company and enjoys the status of Navratna Company in India. On 6 December 2018, the Government of India approved PFC’s takeover of REC.The acquisition transaction was completed on 28 March 2019 with PFC paying almost Rs. 14,500 Crs to the Govt. of India for the 52.63% stake.
- The corporation is headed by the chairman and managing director, who at present is Ravinder Singh Dhillon.The company has three wings, each headed by a Functional Director namely, Commercial Division, Projects Division and Finance & Financial Operations division. The Commercial Division looks after the credit appraisal and categorization of borrower entities, power sector reforms, review and analysis. The Projects Division controls the operation in various states and project appraisal. Finance s Division looks after the Fund Mobilization and Disbursement. PFC is a lean organization. The number of employees as on 31 March 2019 was around 500.
- The major part of PFC’s funds is raised through Rupee-denominated bonds. PFC bonds enjoy the highest credit rating in the Indian market and in international markets; they are rated at par with the Indian Sovereign rating. It also borrows short term and long term from various banks and other financial institutions. It has also raised external commercial borrowings (ECB) through private placement in the US market. PFC is one of the institutions eligible for raising funds through capital gain tax bonds under section 54EC of the Income Tax Act, 1961.
- Over the last two-three years, PFC has focused on diversifying its borrowing portfolio by raising funds from international markets. In November 2017, PFC launched its main Green Bond issue for US$400 million, which witnessed the tightest ever spread for any Indian Issuer for its maiden 10-year issue. In the first quarter of the Financial year 2020, PFC has raised about US$1.3 billion from the international markets. Out of this US$1 billion was raised in June 2019, which was the first dual and largest USD bonds transaction for Govt owned Indian NBFC. This was also PFC’s first borrowing from the international markets after the successful acquisition of REC Limited.
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