PFC may approach foreign banks to fund REC stake buy

Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs to buy out the central government’s stake in REC as public sector banks (PSBs) may hit the regulatory limits set on exposures to a single entity, senior bankers said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LmErHg