Job or Vacancy Description:
PFC is looking for dynamic professionals in the following areas, who could effectively contribute towards future growth of PFC

1. Dy. Manager (Legal) : 01 Post
Pay Scale : Rs.32900-3%-58000
Qualification :LLM OR LLB (3 Yrs.) or 5 year Integrated Law Course.
Age Limit : 37 years for LLM and 35 years for LLB.

2. Dy. Manager (HR) / Officer (HR) : 02 Posts
Breakup Posts : Dy. Manager (HR)-01 , Officer (HR) – 01
Pay Scale : Rs.32900-3%-58000 / Rs.24900-3%-50500
Qualification : Graduation in any stream with 60% marks and MSW (Master of Social Work) / MBA (HR) (2 years full time / 3 years part time).
Age Limit : 35/29 years for DM/Officer

3. Asstt. Manager (MS) : 02 Posts
Pay Scale : Rs.29100-3%-54500
Qualification :B.Tech. / B.E. (IT / CS) 60% marks OR MCA with 60% marks in B.Com.
Age Limit : 32 years

4. Asstt. Manager (Technical) (E3) / Officer (Technical) (E2) : 08 Posts
Breakup Posts : Asstt. Manager (Technical) (E3) – 04 Posts, Officer (Technical) (E2) – 04 Posts
Qualification : BE/B.Tech. (Electrical/ Mechanical/ Electronics & Communication) 60% marks with MBA (F) (2 years full time / 3 years part-time).
Age Limit : 32/29 years for AM/Officer.

How to apply : Candidates fulfilling the eligibility norms may forward their application (addressed to Sr. Manager (HR) at the above address) on plain paper with complete bio-data including Name, Mailing Address, Date of Birth, Nationality, Educational qualification (from school onwards) with year of passing, Percentage of marks, whether belonging to reserved category, Experience

General Instructions:
1. All qualifications should be from Universities/Institutions recognized and approved in India by AICTE/UGC/Appropriate statutory authority.
2. 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 relieving order from their organization in the event of their selection.
3. Incomplete applications or applications received late will be summarily rejected
4. All Computations of age/minimum experience requirement/qualification shall be done w.r.t. 06.04.2011. 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 executive experience on a post/level shall be counted only from the date of assumption of charge.
5. 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. PFC Management may also relax/lower the qualifying standards/criteria in case suitable candidates are not available. 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.
6. Candidates claiming to belong to any particular category shall necessarily submit a copy of SC/ST/OBC/PWD certificate as prescribed by Government of India, as the case may be, from a competent authority. Relaxation of age, experience, % of marks in qualification etc. as per Govt. guidelines shall be applicable for SC/ST/OBC/PWD and Ex-Servicemen. Candidates belonging to OBC category, but coming in the ‘creamy layer’ are not entitled to apply against OBC (NCL) category.
7. 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.
8. Single to and fro fare as per Corporation’s rule will be paid to outstation candidates called for interview on production of proof or ticket number.
9. Only Indian Nationals are eligible to apply. 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.
10. 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 cause/dispute.
11. PFC will not be responsible for any postal delay/loss in transit in submission of documents within specified time.
12. In case any ambiguity/dispute arises on account of interpretation in version other than English, English Version will prevail.

Tentative Last Date :9-05-2011

About the organization:
To become the most preferred Financial Institution in power & financial sectors providing best products and services; promote efficient investments in Power Sector to enable availability of required quality power at minimum cost to consumers; reach out to global financial system for financing power development; act as a catalyst  for reforming  India’s Power Sector; and  build human assets and systems for Power Sector of  tomorrow.Power Finance Corporation Ltd. (PFC) is a leading power sector public financial institution and a non-banking financial company, providing fund and non-fund based support for the development of the Indian power sector. It plays a major role in channelising investment into the power sector and acts as a vehicle for development of this sector. Our clients include state power utilities, central power sector utilities, power departments, private power sector utilities (including independent power producers), joint sector power utilities etc. PFC has developed the Fair Practices Code (FPC) for its lending operations based on the RBI guidelines, which intends to provide assurance to all the borrowers of the Company’s commitment to fair dealing and transparency in its businesses transactions. Commitments outlined in this Code are applicable under normal operating environment; however under situations beyond the control of the corporation, it may not be possible for us to fulfill the commitments under this code. This code is not a legal document creating any rights and obligations on PFC. FPC will be applicable from the date it is placed on PFC’s web site The Fair Practices code developed by PFC applies to the following areas:Loan application forms for all standardized products of PFC are given on its website with list of documents required to be submitted with application form. Application forms can also be obtained from PFC office. PFC’s interest rates for the loans are as prevailing on the date of each disbursement. The interest rates and key financial terms & conditions are also given on the web site of PFC. The detailed standard terms & conditions would be provided if asked for by the applicants. Besides, conditions are also stipulated based on the appraisal of the proposal. PFC shall issue written acknowledgement for each application after receipt of the complete information as per standard application format. Additional information and support documents may occasionally be found necessary in course of processing a client application. Applications complete in all respects would be processed within a reasonable time frame. In case the proposal is not approved by PFC, the borrower would be intimated accordingly.PFC ensures proper assessment of the loan proposal based on PFC’s internal guidelines & procedures. The amount of assistance to be sanctioned, terms of sanction, etc. are finalized after appraisal, discussions with borrower’s representatives and due diligence. PFC’s interest rates for the loans are as prevailing on the date of each disbursement. The interest rates and key financial terms & conditions are given on the PFC’s web site The sanction of loan would be conveyed to the borrower along with the detailed terms and conditions through Letter of intent (LOI)/sanction letter. The terms and conditions are normally discussed with the applicant prior to sanction of assistance. Borrowers are required to send their acceptance within 30 days from the date of issue of the Sanction letter. A copy of the Standard Loan Agreement, as amended from time to time, together with general/special conditions would be furnished along with the LOI/sanction letter; except in case of Consortium financing where the terms and conditions may be finalized amongst the participating banks/FIs, thereafter-common loan and security documents would be executed with the borrowers. However issuance of the LOI does not bind PFC or give any right to the borrower for release of funds for the project or sanction of further assistance for that project/ scheme/ purpose, unless all the covenants are fulfilled and required securities are created to the satisfaction of PFC/consortium. The borrower shall enter into a Loan Agreement containing all standard and specific terms and conditions with PFC, execute the requisite documents, create security for the assistance as mentioned in the LOI/sanction letter, before seeking disbursement. PFC would ensure timely disbursement of loan sanctioned in conformity with terms and conditions governing such sanction.  Changes in interest rate and other financial charges in the normal course would be effected prospectively Decision to recall/accelerate payment or performance under the agreement or seeking additional securities would be as per the loan agreement.  PFC would release all securities on full repayment/realization of the loan to the satisfaction of PFC subject to any legitimate right or lien and set off for any other claim that the corporation may have against the borrowers. If such right needs to be exercised, borrowers would be given due and proper notice with requisite details. In case of joint mortgage, release of documents shall be done after obtaining ‘NOC’ from the other  lenders/charge holders.

Address :
Power finance corporation limited
(A Government of India Undertaking)
Urjanidhi, 1 Barakhamba Lane, New Delhi-110 001.

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