Question
Which CPSE has received approval from the Reserve Bank
of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat & will contribute to the growth of the country's power sector ?Solution
Power Finance Corporation (PFC) has received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat. The entity at the International Financial Services Centre (IFSC) will present new business opportunities for PFC and contribute to the growth of the country's power sector.
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