🔴 High ImpactCapitalMarkets
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
#Merger#NBFC#State-Owned
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⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.
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