RBI Approves REC to Establish Subsidiary in GIFT City: Boosting Infrastructure Financing
RBI Approves REC to Establish Subsidiary in GIFT City The Reserve Bank of India (RBI) has recently granted approval to Rural Electrification Corporation (REC) to establish a subsidiary in the Gujarat International Finance Tec-City (GIFT City). This move comes as a significant development in the financial sector, particularly in the realm of infrastructure financing. Why…