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New Delhi [India], December 20 (ANI/NewsVoir): 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

News netNews release publishingNew delhi indiaEcember 20 ani newsvoir power finance corporation ltd pfcA maharatna cpse and the country 39s leading nbfc in power sectorAs won the prestigious quot south asian federation of accountants safa gold award in 39 best presented accounts annual report awards bpa for financial year 2020 21 public sector entities category pfc was bestowed with this coveted its highest level transparency accounting practices and achieving excellence presentation disclosure high qualityEliable and objective financial statements in accordance with the international framework safa bpa award is considered most prestigious accolade for reporting entire south asian region this first time since inception of these awards 1997 that any indian company has wona 39 gold category quot public sector entities it worth mentioning here pfc had earlier won icai institute chartered accountants india excellence year 2020 21 based upon qualityCai every year selectsa few entries out of the awardees excellence in financial reporting for sending to safaHich this year included pfc the financials of competed against entries from entire south asian companies and was ultimately declared winner by jury parminder chopraDirector financeVk malhotraD finance and mohd salimM financeFc received this prestigious award at the distribution ceremony held on december 18Lin kathmanduEpal this story has been provided by newsvoir ani will not be responsible in any way for the content of article