State-owned Power Finance Corp. Ltd. is considering a foray into the insurance and merchant banking sectors as part of its diversification strategy, a senior company official said Monday. | |
| "We are currently working out a roadmap for PFC's future. The various options being considered include a foray into the booming insurance business as well as merchant banking," the official said. |
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| The corxporation is open to offering different insurance instruments including life insurance, he said. "All options are open for consideration at this juncture," he said. |
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| Besides gaining access to long-term capital, entry into insurance would also give PFC recourse to cheaper source of funds. |
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