The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.
MUMBAI: In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC und.
One segment where upward movement in stocks has been seen with much more skepticism than any other sector has been the government owned “term lending institutions” or what is commonly referred to as sector specific lenders like REC, PFC. There are multiple reasons for this skepticism, right from the fact that these stocks have either been market underperformers or at best market performers in some phases. So, when they move upward sharply, questions are bound to come. But is the historical bias against PSU making one overlook the underlying changes which a cleaner sectoral growth can bring to?
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The signing ceremony was graced by Vivek Kumar Dewangan, IAS, the chairman and managing director (CMD) of REC, Debadatta Chand, the managing director and CEO of Bank of Baroda and Lalit Tyagi, the executive director of Bank of Baroda, , bank of baroda, REC Limited, MoU signing