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REC gets RBI nod to set up subsidiary in GIFT City - The Hindu BusinessLine

REC gets RBI nod to set up subsidiary in GIFT City - The Hindu BusinessLine
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Vivek kumar dewanganMinistry of powerGujarat international finance techReserve bankGujarat international finance tech cityKumar dewangan

REC gets a Gift City invite! RBI okays plan to set up subsidiary in financial hub

The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, the company stated.

Vivek kumar dewanganMinistry of powerGujarat international finance techReserve bankGujarat international finance tech cityKumar dewanganSec shareRec share priceSec stock priceXec stock

REC gets RBI nod to set up subsidiary in GIFT City

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

Vivek kumar dewanganLtd onMinistry of powerGujarat international finance techReserve bankGujarat international finance tech cityKumar dewanganRec ltdGift cityRbi nodSebi approval

REC: REC gets RBI nod to set up subsidiary in GIFT City

According to the statement, 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, Gujarat.

Vivek kumar dewanganGujarat international finance techMinistry of powerLtd onReserve bankGujarat international finance tech cityKumar dewanganGift cityNo objection certificateRec ltd

HDFC Credila raises $100 million via ECB to boost funding resources

In March this year, HDFC Bank sold its stake in HDFC Credila to private equity firms BPEA EQT and ChrysCapital for Rs 9,553 crore

Arijit sanyalRajat vermaGujarat international finance techDbs bankHousing development finance corporationBank indiaGujarat international finance tech cityHdfc credila

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