Support and Resistance Levels
Past performance
About Haryana Financial Corporation Ltd Haryana Financial Corporation Limited (HFCL) is a state-level financial institution established in 1967, following the reorganization of the Punjab Financial Corporation. Jointly promoted by the Government of Haryana and the Industrial Development Bank of India, HFCL operates under the State Financial Corporation's Act, 1951. It is recognized as a Category-I Merchant Banker by SEBI and a Category-A institution by IDBI. The corporation provides a variety of financial services, including merchant and investment banking, trade and lease finance, and term lending. HFCL was the first state-level financial entity to go public in 1995 and holds membership in OTCEI.
Despite challenges such as reduced profits in the late 1990s due to low lending rates, HFCL prioritized recovering dues to enhance liquidity. Since May 2010, the corporation has ceased issuing fresh sanctions, focusing instead on managing its existing commitments. HFCL allows for rescheduling of loans under specific conditions to support borrowers while utilizing its resources to meet liabilities, as demonstrated in 2022.