Psu
PFC gets NoC to set up finance Company in IFSC GIFT City Gujarat
The letter in this regard states that RBI has no objection to set up a Finance Company.
New Delhi: The Power Finance Corporation of India (PFC) today informed that the company gets the receipt of No Objection letter dated 09th January 2024 from Reserve Bank of India (RBI) for setting up of a Finance Company (as a wholly owned subsidiary) in International Financial Services Centre (IFSC) situated in GIFT City, Gujarat.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
PFC's entry into the IFSC is expected to open up new business opportunities and establish PFC's global presence.
The letter in this regard states that RBI has no objection to set up a Finance Company.
Read Also : Coal India Q1 FY26 Results: Net Profit declines 20% to Rs 8,734 crore