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REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs

REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs

With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...

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Shri Jitendra Srivastava assumes charge as CMD, REC Limited

Shri Jitendra Srivastava assumes charge as CMD, REC Limited

Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and...