PTC India Financial Services (PFS) has been a financier to small and medium power projects. Consistent focus on small and medium power projects, especially renewable segment has led to healthy growth in advances at 45% CAGR in FY12-16. Asset quality had been resilient with near zero NNPA and marginal GNPA till Q3FY15. However, a slowdown in the power sector and slippage from restructured accounts led to a rise in NPA. Given the current business environment plagued by a slowdown in investment activity and increasing competition from banking peers,...