PFC and REC merger creates ₹11 lakh crore financing giant
after close1 source ↓written by the desknot a recommendation
- loan book exceeding
- ₹11 lakh crore
The Boards of Power Finance Corporation and REC have approved a merger scheme, combining the two state-run NBFCs. This merger will form a new entity with an aggregate loan book exceeding ₹11 lakh crore. The scheme awaits regulatory approvals and is essential for enhancing financing capabilities in the power sector. ⚡
Not investment advice. For informational purposes only.