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:
NHAI Expands Rajmargyatra App with Digital Local Pass and MargMitra Help Centre
PM Modi to Inaugurate Alluri Sitarama Raju International Airport at Bhogapuram on August 1
RITES and MECON Forge Partnership to Pursue New Infrastructure Opportunities
Tata Power Wins SECI Award for 324 MW Supply from Bhivpuri Pumped Hydro Project
Prime Minister Modi Dedicates 75 Redeveloped Amrit Bharat Stations Across India
India’s Private Spacetech Ambitions Reach Orbit After Skyroot’s Successful Launch
Strait of Hormuz Conflict Stalls Persian Gulf LNG Exports, S&P Global Says
India’s Rail Modernisation Shields Network from Fuel Shock, Modi Says
GAIL Signs MoU with KABIL to Boost Critical Minerals Collaboration
India’s First Private Orbital Rocket Vikram‑1 Set for July 18 Test Flight
NHAI Engages Consultants to Strengthen InvIT‑Led Highway O&M
Porbandar Shipbuilding Cluster, Vadinar Repair Facility Get Government Nod
AM/NS India and SVNIT Launch Programme to Build Industry‑Ready Talent in Surat
Naidu Fast‑Tracks Dholera International Airport Operationalisation
KEC International Secures First Data Centre Line Order in ₹1.18 Billion Wins
Railway Minister Vaishnaw Unveils Eight New Freight Reforms
REC, CPRI Partner to Boost Quality Assurance under RDSS
HPCL Strengthens Ethanol Quality Checks with 3,651 Surprise Inspections
India’s Drone Challenge 2.0 Empowers Students to Build Smarter Drones on Indigenous Chips
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.