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Press Releases
Jul 27, 2018
RBI cancels Certificate of Registration of 7 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Shree Luxmi Narayan Trexim Private Limited 11, Clive Row, 1st Floor, Room No C Kolkata-700 001 B.05.04172 April 11, 2001 June 13, 2018 2. M/s Third
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Shree Luxmi Narayan Trexim Private Limited 11, Clive Row, 1st Floor, Room No C Kolkata-700 001 B.05.04172 April 11, 2001 June 13, 2018 2. M/s Third
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Jul 25, 2018
RBI cancels Certificate of Registration of 25 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 ABS Leasing & Financing (India) Limited Ranjitpura, Kurali-Morinda Road, District- Ropar, Rupnagar, Punjab B-06.00488 September 12, 2008 May 30, 201
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 ABS Leasing & Financing (India) Limited Ranjitpura, Kurali-Morinda Road, District- Ropar, Rupnagar, Punjab B-06.00488 September 12, 2008 May 30, 201
Jul 23, 2018
RBI cancels Certificate of Registration of 8 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vintage Securities Limited 58/3, B.R.B Basu Road, First Floor, Kolkata West Bengal-700 001 05.00237 February 20, 1998 June 13, 2018 2 M/s Klass Traders Private Limited
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vintage Securities Limited 58/3, B.R.B Basu Road, First Floor, Kolkata West Bengal-700 001 05.00237 February 20, 1998 June 13, 2018 2 M/s Klass Traders Private Limited
Jul 20, 2018
RBI cancels Certificate of Registration of 12 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Devika Motor Finance Private Limited A-24 Durga Chamber, Raj Nagar, Ghaziabad-201002 Uttar Pradesh B-12.00139 January 12, 2004 June 18, 2018 2 M/s Aeromec Engineering
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Devika Motor Finance Private Limited A-24 Durga Chamber, Raj Nagar, Ghaziabad-201002 Uttar Pradesh B-12.00139 January 12, 2004 June 18, 2018 2 M/s Aeromec Engineering
Jul 19, 2018
RBI cancels Certificate of Registration of 29 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl Name of the Company CIN No Registration Office COR No Date of COR Cancellation Order Date 1 The Commercial Credit Corporation (1943) Private Limited U50100MH1943PTC003957 Motor House, 68 N S Patkar Marg, Mumbai- 400007 B 13.01100 16-Nov-1998 June 15, 2018 2 Sankala
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl Name of the Company CIN No Registration Office COR No Date of COR Cancellation Order Date 1 The Commercial Credit Corporation (1943) Private Limited U50100MH1943PTC003957 Motor House, 68 N S Patkar Marg, Mumbai- 400007 B 13.01100 16-Nov-1998 June 15, 2018 2 Sankala
Jul 19, 2018
RBI cancels Certificate of Registration of 16 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Apurva Marketing Private Limited 5, Clive Row, 3rd Floor, Room No. 73, PS.-Burrah Bazar, Kolkata-700 001 B-05.04098 March 19, 2001 May 18, 2018 2.
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Apurva Marketing Private Limited 5, Clive Row, 3rd Floor, Room No. 73, PS.-Burrah Bazar, Kolkata-700 001 B-05.04098 March 19, 2001 May 18, 2018 2.
Jul 13, 2018
2 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Sri Kaliswari Finance Private Limited, Sivakasi 5-A, Chairman A Shanmuga Nada
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Sri Kaliswari Finance Private Limited, Sivakasi 5-A, Chairman A Shanmuga Nada
Jul 06, 2018
RBI cancels Certificate of Registration of 6 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Makhariya Capital Limited 4-3-18/10, Cinema Road, Adilabad, Telangana-504 001 09.00088 March 11, 1998 May 11, 2018 2. M/s Senthil Finance Private L
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Makhariya Capital Limited 4-3-18/10, Cinema Road, Adilabad, Telangana-504 001 09.00088 March 11, 1998 May 11, 2018 2. M/s Senthil Finance Private L
Jun 29, 2018
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning July 01, 2018
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 01, 2018 will be 8.92 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the averag
The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 01, 2018 will be 8.92 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the averag
Jun 28, 2018
4 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Rukmini Financial Services Private Limited 14, Ballygunge Park Road, Kolkata-
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Rukmini Financial Services Private Limited 14, Ballygunge Park Road, Kolkata-
Jun 28, 2018
Cancellation of Certificate of Registration of NBFC
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following company. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Devki Leasing and Finance Limited Velocity Multiplex, 18-A, Scheme No. 94-C, Ring Road, Indore-452010 Madhya Pradesh B.03.00060 April 20, 1998 May 17, 2018 As such, the above comp
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following company. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Devki Leasing and Finance Limited Velocity Multiplex, 18-A, Scheme No. 94-C, Ring Road, Indore-452010 Madhya Pradesh B.03.00060 April 20, 1998 May 17, 2018 As such, the above comp
Jun 25, 2018
RBI cancels Certificate of Registration of 5 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 M/s Key Dealers Private Limited 35, G.C. Avenue Road, 3rd Floor, Kolkata-700 013 B.05.03516 October 01, 2001
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 M/s Key Dealers Private Limited 35, G.C. Avenue Road, 3rd Floor, Kolkata-700 013 B.05.03516 October 01, 2001
Jun 20, 2018
RBI cancels Certificate of Registration of 5 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Cygnus Publishers Limited 21A, Shakespeare Sarani, Kolkata-700017 B.05.05850 September 12, 2011 March 28
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Cygnus Publishers Limited 21A, Shakespeare Sarani, Kolkata-700017 B.05.05850 September 12, 2011 March 28
Jun 20, 2018
7 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Lords Steel Industries Limited 10A, Middleton Row, 2nd Floor, Kolkata-700071 1
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Lords Steel Industries Limited 10A, Middleton Row, 2nd Floor, Kolkata-700071 1
Jun 18, 2018
RBI imposes Monetary Penalty on M/s Kosamattam Finance Ltd
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Kosamattam Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the books and accounts of the company was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) during August, 2016. It w
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Kosamattam Finance Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the books and accounts of the company was conducted under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) during August, 2016. It w
Jun 11, 2018
Cancellation of Certificate of Registration of 6 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Pace Properties Private Limited 8, Amartolla Street, 4th Floor, Room No 405, Kolkata-700001 B.05.06270 March 19, 2004 March 26, 2018 2 M/s Mahajan Vayapar Private Limited 71, B.R
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Pace Properties Private Limited 8, Amartolla Street, 4th Floor, Room No 405, Kolkata-700001 B.05.06270 March 19, 2004 March 26, 2018 2 M/s Mahajan Vayapar Private Limited 71, B.R
Jun 11, 2018
Result of the 7-day Variable Rate Reverse Repo Auction held on June 11, 2018
Tenor 7-day Notified Amount (in ₹ billion) 500.00 Total amount of offers received (in ₹ billion) 44.16 Amount accepted (in ₹ billion) 44.16 Cut off Rate (%) 6.24 Weighted Average Rate (%) 6.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Assistant Adviser Press Release : 2017-2018/3241
Tenor 7-day Notified Amount (in ₹ billion) 500.00 Total amount of offers received (in ₹ billion) 44.16 Amount accepted (in ₹ billion) 44.16 Cut off Rate (%) 6.24 Weighted Average Rate (%) 6.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Assistant Adviser Press Release : 2017-2018/3241
May 29, 2018
4 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Silver Trading and Services Limited 20, R.N. Mukherjee Road, Kolkata-700 001
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Silver Trading and Services Limited 20, R.N. Mukherjee Road, Kolkata-700 001
May 25, 2018
9 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Premium Exports Limited 25, Ground Floor, World Trade Centre, Barakhamba Lane,
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Premium Exports Limited 25, Ground Floor, World Trade Centre, Barakhamba Lane,
May 25, 2018
RBI cancels Certificate of Registration of 2 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Jay Kay Transporters and Financiers (P) Limited Gurduwara Building, Amira Kadal, Srinagar-190 001 B-11000
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two Non-Banking Financial Companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Jay Kay Transporters and Financiers (P) Limited Gurduwara Building, Amira Kadal, Srinagar-190 001 B-11000
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