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PFC gets no objection letter from RBI to set up finance company in IFSC

10 Jan 2024 Evaluate

Power Finance Corporation (PFC) has received No Objection letter from Reserve Bank of India (RBI) for setting up of a Finance Company (as a wholly owned subsidiary) in International Financial Services Centre (IFSC) situated in GIFT City, Gujarat. PFC's entry into the IFSC is expected to open up new business opportunities and establish PFC's global presence.  

Power Finance Corporation is central PSU under Ministry of Power and India's leading NBFC.


Peers
Company Name CMP
Power Finance Corpn. 348.10
REC 314.00
NHIT 171.00
Satin Creditcare Net 217.40
IFCI 75.08
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