PFC Elevates Internal Audit Leadership Amid Strategic Governance Push

State-owned Power Finance Corporation (PFC) has announced the appointment of D V Subba Rao as Head of Internal Audit. Rao, a seasoned finance professional, will spearhead internal audit with heightened governance and risk management. His appointment underlines PFC's strategic focus on bolstering internal controls and regulatory alignment.

State-owned Power Finance Corporation (PFC) has appointed D V Subba Rao as its new Head of Internal Audit. Starting May 9, 2025, Rao will hold this position for three years or until his superannuation.

The elevation of the internal audit function, now led by an executive director, is a strategic move approved by PFC's Board. This decision aims to strengthen internal controls, risk management, and governance processes.

PFC is committed to aligning its practices with evolving regulatory and stakeholder expectations, while maintaining its crucial role in financing power and infrastructure sectors across the country.

(With inputs from agencies.)