April 3, 2026

PFC

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PFC, REC say moving ahead with planned merger, combined entity to benefit from strong balance sheet

contact@dailyupdatesindia.com03 mins

NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…

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Budget 2026: Nirmala Sitharaman outlines Viksit Bharat roadmap for NBFCs, flags restructuring of PFC and REC

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File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday laid out the government’s vision for non-banking financial companies (NBFCs) under the Viksit Bharat framework, outlining clear targets for credit expansion and technology adoption as part of the Union Budget exercise.Speaking in the Lok Sabha during her Budget speech, Sitharaman said…

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