REC Ltd has received the RBI's approval to set up a subsidiary in IFSC, GIFT City, Gujarat.

Economy Business

REC Ltd has received the RBI's approval to set up a subsidiary in IFSC, GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services. REC Ltd, under the Ministry of Power and a leading NBFC, has received a ‘No Objection Certificate’ (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar. The GIFT City platform offers a conducive environment for international lending activities coupled with world-class infrastructure.


     

     

     

 

     


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