{"id":643553,"date":"2024-05-06T10:10:02","date_gmt":"2024-05-06T04:40:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=643553"},"modified":"2024-05-06T11:10:39","modified_gmt":"2024-05-06T05:40:39","slug":"rec-receives-rbi-approval-to-set-up-subsidiary-in-gujarats-gift-city","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-receives-rbi-approval-to-set-up-subsidiary-in-gujarats-gift-city\/","title":{"rendered":"REC receives RBI approval to set up subsidiary in Gujarat&#8217;s GIFT City"},"content":{"rendered":"<p>State-owned REC Ltd on Sunday said it has received RBI&#8217;s approval to set up a subsidiary in GIFT City, Gujarat. <\/p>\n<p>The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. <\/p>\n<p>According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate&#8217; (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned REC Ltd on Sunday said it has received RBI&#8217;s approval to set up a subsidiary in 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, a company statement said. According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate&#8217; (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-643553","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/643553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=643553"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/643553\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=643553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=643553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=643553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}