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The Economic Times

Economy / The Economic Times

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Centre sets up high-level panel to steer merger of Power Finance Corporation, REC

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.

19 Feb 2026 11:51 pm