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Power Finance Corp plans to metamorphose into a bank

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Anil Sasi New Delhi
Last Updated : Feb 26 2013 | 1:25 AM IST
 Though the proposal is on the drawing board, a PFC executive said the options being explored are conversion of the public sector development financial institution into a bank by starting in-house banking or merging it with an existing bank.

 The alternative of opening a banking subsidiary is being considered too, the source said.

 In a recent presentation before the company

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First Published: Aug 25 2003 | 12:00 AM IST

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