REC provides long-term loans and other financing products to State, Centre, and Private Companies for the creation of infrastructure assets in the country.
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Atanu Chakraborty is reappointed for the same designation after Reserve Bank of India (RBI) approval for three years.
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According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on 19 May 2023, has significantly declined to Rs 7,961 crore at the close of business on 30 April 2024.
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