Centre sets up high-level panel to steer merger of Power Finance Corporation, REC
Centre sets up high-level panel to steer merger of Power Finance Corporation, REC is drawing significant interest across the industry.
A high-level committee and a working group have been established to oversee and study the merger of Power Finance Corporation (PFC) and REC. This move aims to enhance scale and efficiency in public sector NBFCs, with the new entity remaining government-owned. The working group will focus on integration aspects, while the committee monitors progress for a smooth transition.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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