REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
New Delhi [India], May 5 (ANI): REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech- City ( GIFT) in Gandhinagar, Gujarat.
"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 a