PFC and REC approve merger, loan book to exceed ₹11 lakh crore

PFC and REC boards approve merger, loan book to exceed ₹11 lakh crore. The merger of PFC and REC has been approved by both boards, creating a financial entity with a combined loan book exceeding ₹11 lakh crore. This consolidation strengthens India’s power sector financing and enhances operational scale. The move is part of the government’s strategy to streamline public sector financial institutions.

📊 STOCKS: PFC | RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger