Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Mar 04, 2002
NBFCs to frame Policy for Demand/Call Loans
The Reserve Bank of India today announced that all non-banking finance companies (NBFCs) granting/intending to grant demand/call loans should lay down a policy duly approved by their board of directors. The policy should cover the following aspects : Stipulation of a cut off date within which the repayment of the loan will be demanded/called up. If the cut off date is beyond one year, the sanctioning authority should record specific reasons. Stipulation of the rate of
The Reserve Bank of India today announced that all non-banking finance companies (NBFCs) granting/intending to grant demand/call loans should lay down a policy duly approved by their board of directors. The policy should cover the following aspects : Stipulation of a cut off date within which the repayment of the loan will be demanded/called up. If the cut off date is beyond one year, the sanctioning authority should record specific reasons. Stipulation of the rate of
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Mar 04, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 16, 2002 the application for certificate of registration submitted by Shasun Finance Ltd., at No.13, Nageswara Rao Road, T. Nagar, Chennai-600 017, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as def
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 16, 2002 the application for certificate of registration submitted by Shasun Finance Ltd., at No.13, Nageswara Rao Road, T. Nagar, Chennai-600 017, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as def
Feb 25, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by ICS Finance Ltd., having its registered office at No.21, Venkataswamy Road, R. S. Puram, Coimbatore-641 002, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banki
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by ICS Finance Ltd., having its registered office at No.21, Venkataswamy Road, R. S. Puram, Coimbatore-641 002, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banki
Feb 25, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Shalivahana Finace Ltd., 94, Minerva House, Sarojini Devi Road, Secunderabad-500 003, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial instit
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Shalivahana Finace Ltd., 94, Minerva House, Sarojini Devi Road, Secunderabad-500 003, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial instit
Feb 25, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Papadiwal Finance & Investments Pvt. Ltd., Door No.15-9-8/14, Mukhtiargunj, Hyderbad-500 012, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking fina
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Papadiwal Finance & Investments Pvt. Ltd., Door No.15-9-8/14, Mukhtiargunj, Hyderbad-500 012, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking fina
Feb 22, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by Crystal Capital Finance (India) Ltd., having its registered office at No.3, Elukadal Agraharam, II Floor, Madurai-625 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by Crystal Capital Finance (India) Ltd., having its registered office at No.3, Elukadal Agraharam, II Floor, Madurai-625 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business
Feb 18, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 14, 2002 the application for certificate of registration submitted by M/s.Kovai Durga Finance Ltd., 362-A, Avanashi road, Peelamedu, Coimbatore-641 004, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution a
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 14, 2002 the application for certificate of registration submitted by M/s.Kovai Durga Finance Ltd., 362-A, Avanashi road, Peelamedu, Coimbatore-641 004, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution a
Feb 18, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 9, 2002 the application for certificate of registration submitted by M/s.Balabarathi Finance Ltd., Central Theatre Building, Veterinary Hospital Road, Erode-638 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 9, 2002 the application for certificate of registration submitted by M/s.Balabarathi Finance Ltd., Central Theatre Building, Veterinary Hospital Road, Erode-638 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial
Feb 16, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 25, 2002 the application for certificate of registration submitted by M/s. Escorts Consumer Credit Ltd., Prince Arcade, 3rd Floor, 22-A Cathedral Road, Chennai-600 086, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking financial
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 25, 2002 the application for certificate of registration submitted by M/s. Escorts Consumer Credit Ltd., Prince Arcade, 3rd Floor, 22-A Cathedral Road, Chennai-600 086, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking financial
Feb 08, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 6, 2002 the application for certificate of registration submitted by M/s. Southern Udyans Ltd., 3-2-870/3, VNR Commercial Complex, Kachiguda Station Road, Hyderabad-27, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financi
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 6, 2002 the application for certificate of registration submitted by M/s. Southern Udyans Ltd., 3-2-870/3, VNR Commercial Complex, Kachiguda Station Road, Hyderabad-27, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financi
Feb 05, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Bala Sundara Vinayagar Finance Ltd., Priya Complex, II Floor, Bridge Road, Pllipalayam, Erode-638 006, for carrying on the business of a Non-Banking Financial Institution. As such, the above c
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Bala Sundara Vinayagar Finance Ltd., Priya Complex, II Floor, Bridge Road, Pllipalayam, Erode-638 006, for carrying on the business of a Non-Banking Financial Institution. As such, the above c
Feb 05, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Unipro Finance Ltd., at No.NP32 & 46, Thiru-vi-ka Industrial Estate, Ekkaduthangal, Guindy, Chennai-600 032, for carrying on the business of a Non-Banking Financial Institution. As such, t
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Unipro Finance Ltd., at No.NP32 & 46, Thiru-vi-ka Industrial Estate, Ekkaduthangal, Guindy, Chennai-600 032, for carrying on the business of a Non-Banking Financial Institution. As such, t
Feb 04, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 31, 2002 the application for certificate of registration submitted by M/s. Panchvati Leasing and Hire Purchase Pvt. Ltd., Kali Nadi Road, Bulandsahar, Uttar Pradesh for carrying on the business of a Non-Banking Financial Institution As such, the above company cannot transact the business of a non-banking financial ins
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 31, 2002 the application for certificate of registration submitted by M/s. Panchvati Leasing and Hire Purchase Pvt. Ltd., Kali Nadi Road, Bulandsahar, Uttar Pradesh for carrying on the business of a Non-Banking Financial Institution As such, the above company cannot transact the business of a non-banking financial ins
Feb 04, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Tripta Finvest Ltd., ID/14, Sector 7, Rohini, New Delhi-110 085 As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934. The comp
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Tripta Finvest Ltd., ID/14, Sector 7, Rohini, New Delhi-110 085 As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934. The comp
Feb 04, 2002
Cancellation of the certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA(6) of the Reserve Bank of India Act, 1934, has on January 31, 2002 cancelled the certificate of registration to Tulunadu Finance & Developments Ltd., having its registered office at Tulunadu Towers, Court Road, Udupi-576 101. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve B
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA(6) of the Reserve Bank of India Act, 1934, has on January 31, 2002 cancelled the certificate of registration to Tulunadu Finance & Developments Ltd., having its registered office at Tulunadu Towers, Court Road, Udupi-576 101. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve B
Feb 02, 2002
Cancellation of the certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has on December 27, 2001 cancelled the certificate of registration issued to the financial company M/s. Shivanand Finance Ltd., 4, Laxmi Narian Shopping Complex, Sion-Trombay Road, Chembur, Mumbai 400 071.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has on December 27, 2001 cancelled the certificate of registration issued to the financial company M/s. Shivanand Finance Ltd., 4, Laxmi Narian Shopping Complex, Sion-Trombay Road, Chembur, Mumbai 400 071.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
Feb 02, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 31, 2002 the application for certificate of registration submitted by Southern Auto Finance Limited, 839, Anna Salai, Chennai-600 002, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 31, 2002 the application for certificate of registration submitted by Southern Auto Finance Limited, 839, Anna Salai, Chennai-600 002, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of
Jan 29, 2002
Cancellation of the certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA(6) of the Reserve Bank of India Act, 1934, has on January 14, 2002 cancelled the certificate of registration to Ram Mohan Financial Services Ltd., having its registered office at WZ-224, Street No.13, Hastsal Road, Uttam Nagar, New Delhi-110 059. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA(6) of the Reserve Bank of India Act, 1934, has on January 14, 2002 cancelled the certificate of registration to Ram Mohan Financial Services Ltd., having its registered office at WZ-224, Street No.13, Hastsal Road, Uttam Nagar, New Delhi-110 059. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA
Jan 28, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 24, 2002 the application for certificate of registration submitted by Top Gear Leafin Pvt. Ltd., Door No.25-1-146/1, 1st floor, Nagarjuna Steels Bldg., R. Agraharam, Guntur, Andhra Pradesh-522 004, for carrying on the business of a Non-Banking Financial Institut
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 24, 2002 the application for certificate of registration submitted by Top Gear Leafin Pvt. Ltd., Door No.25-1-146/1, 1st floor, Nagarjuna Steels Bldg., R. Agraharam, Guntur, Andhra Pradesh-522 004, for carrying on the business of a Non-Banking Financial Institut
Jan 23, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 19, 2002 the application for certificate of registration submitted by M/s. Palacode Mookambigai Financiers Pvt. Ltd., No.40, Ponnan Street, Palacode-636 808, (Dist. Dharmapuri), for carrying on the business of a Non-Banking Financial Institution.As such, the abo
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on January 19, 2002 the application for certificate of registration submitted by M/s. Palacode Mookambigai Financiers Pvt. Ltd., No.40, Ponnan Street, Palacode-636 808, (Dist. Dharmapuri), for carrying on the business of a Non-Banking Financial Institution.As such, the abo
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