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.
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.