New Delhi, July 29 -- REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been certified with ISO 31000:2018 (Risk management -Guidelines) for its enterprise-wide risk management framework.
This significant achievement marks REC as the first Indian Public Sector Non-Banking Financial Company (NBFC) to receive this certification from the British Standards Institution (BSI).
The ISO 31000:2018 is an internationally recognized standard that provides principles and guidelines for effective risk management. This is a testimony to our efforts of having adopted the best-in-class risk management practices to offer significant value to REC on the risk management and mitigation front.
"This...