PFC and REC reduce lending rates by up to 2 percentage points from April 1, 2021

Power Finance Corporation Limited (PFC) and REC Limited have reducedlending rates by up to 2 percentage points from April 01, 2021.

This aims to ensure competitive rates, in line with the rates being offered by peers in the market. The reduction in lending rates will help PFC and REC to offer lower rates to power utilities, which will reduce their borrowing costs and interest payments.

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