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REC Limited Receives RBI Nod for Wholly Owned Subsidiary in GIFT City

The proposed subsidiary aims to undertake various financial activities as a finance company within GIFT, encompassing lending, investment, and other financial services.

RBI | May 06, 2024 | By Abha Rustagi | 756

IREDA Marks 38th Foundation Day with Reflections on Achievements and Future Endeavors

CMD emphasized the launch of IREDA's retail division, catering to diverse borrowers, particularly in sectors like Rooftop Solar and the PM-KUSUM scheme.

RBI | March 13, 2024 | By Abha Rustagi | 1077

REC Limited Successfully Lists Two Bonds Worth INR 5,375 Crore on NSE and BSE

The first bond, valued at INR 2,500 crores, features a 10-year maturity period with a redemption date of February 28, 2034, and a yield of 7.47 percent.

RBI | March 02, 2024 | By Abha Rustagi | 1513

Electric Vehicle Sales in India Surge by 49.25 percent in 2023

Overall, the total sales of electric vehicles in 2023 reached an impressive 15,29,947, showcasing a significant growth rate of 49.25 percent compared to the previous year's total of 10,25,063.

RBI | February 05, 2024 | By Abha Rustagi | 1882

REC Limited Makes Historic Move with Inaugural Japanese Yen Green Bonds

This marks REC Limited's eleventh international bond issuance and a significant milestone as the first Indian PSU to issue Yen Green Bonds.

RBI | January 18, 2024 | By Abha Rustagi | 2139

RBI Declares Guidelines to Receive Green Deposits by Banks and NBFCs

The RBI has addressed nine sectors in which the proceeds from these green bonds must be utilised.

RBI | April 13, 2023 | By EI News Network | 2405

IREDA Gets ‘Infrastructure Finance Company’ Status from RBI

IREDA was earlier classified as ‘Investment and Credit Company (ICC)’. With the IFC status, it will be able to take higher exposure in RE financing.

RBI | March 15, 2023 | By Anurima Mondal | 1872

Largest-Ever Syndicated Term Loan of $ 1,175 Mn Raised by Indian NBFC ‘REC’

In a landmark transaction, power sector major lender REC Ltd (REC) has successfully raised USD 1,175 million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs).

RBI | January 14, 2022 | By Manu Tayal | 2571