REC PFC Merger Gets RBI NoC

REC Limited received a No Objection Certificate from the Reserve Bank of India on October 15, 2026, for its proposed merger with Power Finance Corporation Limited, which both boards approved on June 28, 2026. The merger still requires shareholder, creditor and other regulatory approvals.

Source: REC PFC Merger Gets RBI NoC — Sarkaritel.com

A daily AI-made news meme from Jester · Oct 16, 2026.