REC | REC share price: RBI’s proposed project financing regulations not to impact REC profitability at all: CMD
Vivek Kumar Dewangan, CMD, REC, says he would like to make a distinction between non-banking finance companies like REC which have been following the IndAS norms. As per RBI’s income recognition and asset classification norms, this additional provisioning on account of under construction projects is not to be routed through profit and loss account. In … Read more
