← 17 October 2026's Current Affairs · Economy GA Prelims ★★★★☆ Mains ★★★☆☆
RBI grants NOC for merger of REC into PFC
Why in News?
RBI grants NOC for merger of REC into PFC
RBI has cleared the proposed merger of REC into PFC.
Why it matters: factual, Prelims-type
What you need to know
2 min read
The Reserve Bank of India issued a No-Objection Certificate to REC Limited on 15 October 2026 for its proposed merger into Power Finance Corporation Limited (PFC).
Sources: Topper IAS editorial (PIB / The Hindu / Indian Express)
Key facts
Remember these
- RBI
- PFC
- REC
- merger
Prelims · Mains
How the exam will ask it
Prelims
- RBI, PFC, REC, merger
Mains
Use as an example in GA answers (GS-III: Economy; financial sector).
Quick recall
Answer before you reveal
Sankoo, newly made the eighth district of Ladakh, lies in the valley of which river?
- Zanskar
- Shyok
- Suru
- Dras
Show answer
Answer: C — The correct answer is the Suru. Sankoo is located in the Suru Valley region of Ladakh.
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