Press Releases - Regulating Non-Banking - આરબીઆઈ - Reserve Bank of India
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માર્ચ 11, 2020
RBI cancels Certificate of Registration of Two 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 of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Sahayog Enterprises Private Limited SCO 2A, 2nd Floor, Sector-7C, Madhya Marg, Chandigarh-160008 B-06.00296 June 28, 2000 January 30, 2020 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. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Sahayog Enterprises Private Limited SCO 2A, 2nd Floor, Sector-7C, Madhya Marg, Chandigarh-160008 B-06.00296 June 28, 2000 January 30, 2020 2.
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માર્ચ 11, 2020
Five 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. Hyundai Capital India Private Limited 5th Floor, Corporate One, Plot No. 5, Non-H
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. Hyundai Capital India Private Limited 5th Floor, Corporate One, Plot No. 5, Non-H
ફેબ્રુ 17, 2020
RBI cancels Certificate of Registration of Two 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 of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. M. L. Singhi & Associates Private Limited A-7, Main Mahipalpur, New Delhi-110 037 B14.02447 September 07, 2001 December 13, 2019 2. Stanc
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 of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. M. L. Singhi & Associates Private Limited A-7, Main Mahipalpur, New Delhi-110 037 B14.02447 September 07, 2001 December 13, 2019 2. Stanc
ફેબ્રુ 17, 2020
Five 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. Consolidated Photo & Finvest Limited Plot No. 12, Local Shopping Complex, Sec
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. Consolidated Photo & Finvest Limited Plot No. 12, Local Shopping Complex, Sec
ડિસે 31, 2019
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning January 1, 2020
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 January 1, 2020 will be 9.16 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 January 1, 2020 will be 9.16 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
ડિસે 26, 2019
Seven 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. On Wheels Auto Finance and Leasing Private Limited (Formerly known as On Wheel Au
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. On Wheels Auto Finance and Leasing Private Limited (Formerly known as On Wheel Au
ડિસે 26, 2019
RBI cancels Certificate of Registration of Thirteen 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. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Embro Finvest Limited 39, Saubhagya Appts., Sector-9, Rohini, New Delhi-110 085 14.01300 September 28, 1998 August 16, 2019 2. KMG Macro Inve
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. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Embro Finvest Limited 39, Saubhagya Appts., Sector-9, Rohini, New Delhi-110 085 14.01300 September 28, 1998 August 16, 2019 2. KMG Macro Inve
ડિસે 04, 2019
Reserve Bank of India retains the Advisory Committee of Dewan Housing Finance Corporation Limited (DHFL)
It may be recalled that in exercise of powers under Section 45-IE (5) (a) of the Reserve Bank of India Act, 1934, the Reserve Bank had, on November 22, 2019, constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Committee are: Dr. Rajiv Lall, Non-Executive Chairman, IDFC First Bank Ltd. Shri N.S. Kannan, MD & CEO, ICICI Prudential Life Insurance Company Ltd. Shri N.S. Venkatesh, Chief Execu
It may be recalled that in exercise of powers under Section 45-IE (5) (a) of the Reserve Bank of India Act, 1934, the Reserve Bank had, on November 22, 2019, constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Committee are: Dr. Rajiv Lall, Non-Executive Chairman, IDFC First Bank Ltd. Shri N.S. Kannan, MD & CEO, ICICI Prudential Life Insurance Company Ltd. Shri N.S. Venkatesh, Chief Execu
નવે 29, 2019
Application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation Limited filed under the Insolvency and Bankruptcy Code, 2016
The Reserve Bank has today (November 29, 2019) filed an application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation Limited under Section 227 read with clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (IBC), 2016 read with Rules 5 and 6 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudication Authority) R
The Reserve Bank has today (November 29, 2019) filed an application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation Limited under Section 227 read with clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (IBC), 2016 read with Rules 5 and 6 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudication Authority) R
નવે 20, 2019
Supersession of the Board of Directors and Appointment of Administrator - Dewan Housing Finance Corporation Limited
In exercise of the powers conferred under Section 45-IE (I) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults by DHFL in meeting various payment obligations. Shri R. Subramaniakumar, ex-MD and CEO of Indian Overseas Bank has been appointed as the Administrator under Section 45-IE (2) of the Act. The Reserve Bank also intends
In exercise of the powers conferred under Section 45-IE (I) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults by DHFL in meeting various payment obligations. Shri R. Subramaniakumar, ex-MD and CEO of Indian Overseas Bank has been appointed as the Administrator under Section 45-IE (2) of the Act. The Reserve Bank also intends
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