With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, Power Finance Corporation (PFC) plans to apply for a license to launch banking operation. Satnam Singh, Chairman and Managing Director of the power sector lender said his firm would discuss the matter in its next board meeting. He informed that the state-run lending agency meets the norms for setting up commercial bank which were issued by RBI recently.
FlashNews:
Godrej Aerospace Delivers Human-Rated Vikas Engine for Gaganyaan Mission
Railway Board Tightens Garbage Disposal Rules for Trains
IndiGo Launches India’s First Direct Flight to Cambodia from Kolkata
RIB Software India Expands Market Presence
India Approves Royalty Reform to Unlock Critical Minerals, Bolster Green Energy, Cut China Reliance
Kolkata Surges as Warehousing Sector Rebounds 64% in Q3 2025; Pune and Bengaluru Lag Behind: Vestian
Inox Wind Secures 100 MW Turbine Supply Order in Gujarat
India Eyes 10% Share of Global Green Hydrogen Market by 2030: Shripad Yesso Naik
CareEdge-ESG and RAEX Ink Strategic MoU to Advance Global ESG Collaboration
Power Minister Reaffirms Investor Confidence in India’s Infrastructure and Energy Agenda
Wabag Invests in Deep Tech Startup Nimble Vision Under Blue Seed Programme
Mumbai Airport Reports Sustainability Gains with Green Energy, Innovation
Minister Joshi Calls for Stakeholder Action to Drive India’s Leadership in Green Hydrogen Revolution
Power Minister Launches India’s First MWh-Scale Vanadium Flow Battery at NTPC’s R&D Hub
IndiGo Launches Daily Direct Flights Connecting Delhi and Guangzhou
Sembcorp Wins 150MW Dispatchable Renewable Energy Project Under SJVN’s 6,000 MWh Tender
RVNL Expands Beyond Rail with ₹5.35 Billion Visakhapatnam Port Authority Infrastructure Deal
ABB Launches Cybersecure Gas Chromatograph to Transform Industrial Process Analytics
IN-SPACe and SIDBI Launch ₹100 Billion Fund to Propel India’s Space Startups
Home » PFC plans banking business
PFC plans banking business
Infrastructure Finance
March 1, 2013March 1, 2013
Leave a Reply
You must be logged in to post a comment.