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Market experts believe the proposed merger of Power Finance Corporation (PFC) and REC is aimed at building scale in power-sector financing. However, they note that the move alone is unlikely to impact ...
PFC owns 52.63% of REC, after acquiring the government’s stake in March 2019 (Image: Canva) The share price of Power Finance Corporation (PFC) and REC are under pressure in today’s trading session.
The job market can be a brutal place. You might apply to hundreds of jobs and never hear a peep from anyone. A workplace might pull an applicant through a convoluted process involving multiple ...
India’s biggest power sector lenders are set to combine after Power Finance Corporation’s board on Friday approved an in-principle merger with REC Limited, giving effect to the Union Budget 2026 plan ...
PFC and REC play a key role in the country's energy transition plans and have a cumulative loan book of ₹11 trillion.(Mint) Power Finance Corp. Ltd's board on Friday approved the merger of its ...
Pursuant to Finance Minister Nirmala Sitharaman’s budget announcement, the boards of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) informed the bourses on Friday ...
Power Finance Corporation on Friday said that its board of directors gave in-principle approval for the merger of the non-banking finance company REC with itself. PFC will continue to remain as a ...
Power Finance Corporation said on February 6 its board had approved an in-principle merger with Rural Electrification Corporation Ltd. "Pursuant to 'In Principle' approval of Cabinet Committee on ...
State-owned Power Finance Corporation and REC have set the process in motion for a merger and in separate meetings, their boards accorded in-principle approval for the process, to create a large power ...
The Indian banking sector is heading for a major change with the Finance Minister Nirmala Sitharaman proposing to set up a ‘High Level Committee on Banking for Viksit Bharat’ to enable this sector ...
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