Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Oct 30, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. M/s Subhlabh Finance & Securities Ltd. 309, Todi Chambers, 2, Lal Bazar Street, Kolkata-700001 05.03003 November 2
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. M/s Subhlabh Finance & Securities Ltd. 309, Todi Chambers, 2, Lal Bazar Street, Kolkata-700001 05.03003 November 2
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Oct 16, 2014
RBI cancels Certificate of Registration of M/s DHP Leasing Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation M/s DHP Leasing Limited House No.B/20, East Mohan Nagar, Amritsar-143 001 (a
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation M/s DHP Leasing Limited House No.B/20, East Mohan Nagar, Amritsar-143 001 (a
Oct 16, 2014
RBI cancels Certificate of Registration of APS Hire Purchase Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation APS Hire Purchase Limited Station Road, Ujhani, Badaun, Uttar Pradesh-243639 (As per Bank’s record) U65921UP1990 PLC011656
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation APS Hire Purchase Limited Station Road, Ujhani, Badaun, Uttar Pradesh-243639 (As per Bank’s record) U65921UP1990 PLC011656
Oct 14, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following 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 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation Order 1. M/s Dutta Financiers (India) Limited, Jammu 90/11, Nanak
The Reserve Bank of India has cancelled the certificate of registration of the following 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 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation Order 1. M/s Dutta Financiers (India) Limited, Jammu 90/11, Nanak
Oct 08, 2014
RBI cancels Certificate of Registration of M/s Sai Adarsha Finance & Investments India Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Sai Adarsha Finance &
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Sai Adarsha Finance &
Oct 07, 2014
RBI cancels Certificate of Registration of M/s S.B.Overseas Pvt Limited and M/s Odyssey Dealcom Pvt Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s S .B. Overseas Private L
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s S .B. Overseas Private L
Sep 10, 2014
RBI cancels Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (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. & Date Date of cancellation 1. M/s Shree Bhagwati Marketing Private Limited 2, Digamber Jain Temple Road, 4th Floor, Kolkata-700 007 B-05.05458 Septemb
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (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. & Date Date of cancellation 1. M/s Shree Bhagwati Marketing Private Limited 2, Digamber Jain Temple Road, 4th Floor, Kolkata-700 007 B-05.05458 Septemb
Sep 02, 2014
RBI cancels Certificate of Registration of Five NBFCs
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Unichem Finance & Enterprises Private Limited 1A, Alipore Avenue, Kolkata-700027 B-05.05174 July 10, 2003 July 17,
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Unichem Finance & Enterprises Private Limited 1A, Alipore Avenue, Kolkata-700027 B-05.05174 July 10, 2003 July 17,
Aug 20, 2014
RBI cancels Certificate of Registration of M/s Alchemist Holdings Ltd., New Delhi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Alchemist Holdings Ltd., New Delhi (CIN No.U74899DL 1995PLCO74874) 405, Jyotishikhar Tower, J
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Alchemist Holdings Ltd., New Delhi (CIN No.U74899DL 1995PLCO74874) 405, Jyotishikhar Tower, J
Aug 08, 2014
RBI cancels Certificate of Registration of M/s BNR Udyog Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. M/s BNR Udyog Ltd. 6-3-650, 2nd Floor, Maheshwari Chambers, Somajiguda, Hyderabad-500082 09.00067 March 5, 1998 July 1
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. M/s BNR Udyog Ltd. 6-3-650, 2nd Floor, Maheshwari Chambers, Somajiguda, Hyderabad-500082 09.00067 March 5, 1998 July 1
Aug 05, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Automatrix Commodities Private Limited 3B, National Library Avenue, 3rd Floor, Kolkata-700 027 B-05.05277 January 30,
The Reserve Bank of India has cancelled the certificate of registration of the following 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. & Date Date of cancellation 1. Automatrix Commodities Private Limited 3B, National Library Avenue, 3rd Floor, Kolkata-700 027 B-05.05277 January 30,
Aug 01, 2014
RBI cancels Certificate of Registration of M/s DSL Finance Pvt. Ltd Private Limited & M/s Malayalam Hire Purchase and Leasing (P) Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial Institutions (NBFIs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s DSL Finance Pvt. Ltd. D No. 6-3-666, 5th floor, Deccan Chambers, Somajiguda, Hyderabad-500084 B-09.00350 June 0
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial Institutions (NBFIs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s DSL Finance Pvt. Ltd. D No. 6-3-666, 5th floor, Deccan Chambers, Somajiguda, Hyderabad-500084 B-09.00350 June 0
Jul 28, 2014
RBI cancels Certificate of Registration of six NBFCs
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs). Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. GE Strategic Investments India (GESII) Unit No.401 & 402, 4th Floor, Aggarwal Millenium To
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs). Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. GE Strategic Investments India (GESII) Unit No.401 & 402, 4th Floor, Aggarwal Millenium To
Jul 25, 2014
RBI penalises 12 banks in the case of M/s. Deccan Chronicle Holdings Ltd
The Reserve Bank of India has imposed a monetary penalty on 12 banks as under: Name of the Bank Amount of Penalty (` in lakh) 1. Andhra Bank 10 2. Axis Bank 15 3. Canara Bank 10 4. Corporation Bank 10 5. HDFC Bank 5 6. ICICI Bank 40 7. IDBI Bank 15 8. IndusInd Bank 10 9. Kotak Mahindra Bank 10 10. Ratnakar Bank 5 11. State Bank of Hyderabad 10 12. Yes Bank 10 The Reserve Bank had carried out a scrutiny of the loan and current accounts of M/s. Deccan Chronicle Holdings
The Reserve Bank of India has imposed a monetary penalty on 12 banks as under: Name of the Bank Amount of Penalty (` in lakh) 1. Andhra Bank 10 2. Axis Bank 15 3. Canara Bank 10 4. Corporation Bank 10 5. HDFC Bank 5 6. ICICI Bank 40 7. IDBI Bank 15 8. IndusInd Bank 10 9. Kotak Mahindra Bank 10 10. Ratnakar Bank 5 11. State Bank of Hyderabad 10 12. Yes Bank 10 The Reserve Bank had carried out a scrutiny of the loan and current accounts of M/s. Deccan Chronicle Holdings
Jul 23, 2014
RBI cancels Certificate of Registration of Nano Financial Services India Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Nano Financial Services Indi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Nano Financial Services Indi
Jul 23, 2014
RBI cancels Certificate of Registration of M/s Kotasar Limited & United Credit & Development Co. Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kotasar Limited 10, Clive
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kotasar Limited 10, Clive
Jul 23, 2014
RBI cancels Certificate of Registration of M/s Deutsche Securities India Pvt. Ltd. (DSIPL)
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (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. & Date Date of cancellation 1. M/s Deutsche Securities India Pvt. Ltd. (DSIPL) ECE House, 28, Kasturba Gandhi Marg, New Delhi-110001 (CoR) No.14.01463
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (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. & Date Date of cancellation 1. M/s Deutsche Securities India Pvt. Ltd. (DSIPL) ECE House, 28, Kasturba Gandhi Marg, New Delhi-110001 (CoR) No.14.01463
Jul 18, 2014
RBI cancels Certificate of Registration of M/s Om Shridevi Finance and Leasing Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Om Shridevi Finance and
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Om Shridevi Finance and
Jul 16, 2014
RBI cancels Certificate of Registration of Sri Sri Hire Purchase and Finance Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Sri Sri Hire Purchase and Fi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Sri Sri Hire Purchase and Fi
Jun 30, 2014
Applicable Average Base Rate for the Quarter beginning July 01, 2014 is 10.09 per cent
The applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) to arrive at the interest rates they can charge their borrowers for the quarter beginning July 01, 2014 is 10.09 per cent. This was communicated by the Reserve Bank of India. Background In its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, the Reserve Bank had stated that it will advise the average of the base rates of the five la
The applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) to arrive at the interest rates they can charge their borrowers for the quarter beginning July 01, 2014 is 10.09 per cent. This was communicated by the Reserve Bank of India. Background In its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, the Reserve Bank had stated that it will advise the average of the base rates of the five la
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