REC plans to increase loan book by two-fold to Rs 10 lakh crore by 2030

State-owned REC Ltd plans to increase its loan book by three times to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. India's ambitious target of having 500GW of renewable energy capacity by 2030 will require financing in the form of loans. REC Ltd's loan book is Rs 4.35 lakh crore as of March 31, 2023.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DYQGmak
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more