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PFC and REC set merger for April 2027 but warn RBI norms could bite
Business
Published on 13 May 2026
In principle nod is done, but RBI rules worry
Power Finance Corporation (PFC) and REC Ltd plan to merge by April 1, 2027, aiming to create a unified platform for financing India’s power sector. The deal has received in-principle approval, with legal and financial advisors appointed. Still, details are being worked out and will need regulatory clearance—while PFC flags potential concerns around RBI norms.
- PFC and REC target a merger by April 1, 2027
- In-principle approval received; advisors appointed for the restructure
- Detailed deal structure still under discussion and subject to approvals
- Company flags concern over RBI norms for financing restructuring
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times