ਪ੍ਰੈਸ ਰਿਲੀਜ਼ - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਨਵੰ 30, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – The CKP Co-operative Bank Ltd, Mumbai, Maharashtra
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated July 23, 2018 and was valid upto November 30, 2018 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it u
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated July 23, 2018 and was valid upto November 30, 2018 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it u
ਨਵੰ 30, 2018
RBI imposed penalty on Peoples Co-operative Bank Ltd. Deulgaonraja, Buldhana
The Reserve Bank of India has imposed a monetary penalty of ₹ 75,000 (Rupees seventy five thousand only) on Peoples Co-operative Bank Ltd. Deulgaonraja, Buldhana in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of provisions of Section 20 of the Banking Regulation Act,1949 (As applicable to Co-operative Societies) relating
The Reserve Bank of India has imposed a monetary penalty of ₹ 75,000 (Rupees seventy five thousand only) on Peoples Co-operative Bank Ltd. Deulgaonraja, Buldhana in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of provisions of Section 20 of the Banking Regulation Act,1949 (As applicable to Co-operative Societies) relating
ਨਵੰ 30, 2018
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India (vide directive dated November 27, 2018) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from December 01, 2018 to February 28, 2019, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on eight occasions for a period of six months each and six occasions for a period of three months each. The last extension
The Reserve Bank of India (vide directive dated November 27, 2018) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from December 01, 2018 to February 28, 2019, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on eight occasions for a period of six months each and six occasions for a period of three months each. The last extension
ਨਵੰ 29, 2018
RBI imposed penalty on Urban Co-operative Bank Ltd., Mainpuri, Uttar Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Mainpuri, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on classification of investments into HTM/AFS/HFT categories, Prudential Norms on Inter-bank
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Mainpuri, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on classification of investments into HTM/AFS/HFT categories, Prudential Norms on Inter-bank
ਨਵੰ 29, 2018
RBI imposed penalty on Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Purvanchal Co-operative Bank Ltd., Ghazipur (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Finance for Housing Schemes – UCBs, Extending loans and advances to Directors/their relatives
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Purvanchal Co-operative Bank Ltd., Ghazipur (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Finance for Housing Schemes – UCBs, Extending loans and advances to Directors/their relatives
ਨਵੰ 28, 2018
6 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. Rama Ferro Alloys & Finance Pvt. Ltd. Mouza-Khamar, PO.-Rajarhat, Bishnupur, 2
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. Rama Ferro Alloys & Finance Pvt. Ltd. Mouza-Khamar, PO.-Rajarhat, Bishnupur, 2
ਨਵੰ 27, 2018
The Uravakonda Co-operative Town Bank Ltd., Uravakonda, Andhra Pradesh – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on The Uravakonda Co-operative Town Bank Ltd., Uravakonda, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of KYC direction, non-submission of returns and non- submission/ wrong submission of compliance repor
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on The Uravakonda Co-operative Town Bank Ltd., Uravakonda, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of KYC direction, non-submission of returns and non- submission/ wrong submission of compliance repor
ਨਵੰ 27, 2018
RBI cancels Certificate of Registration of 28 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. P S C Holding Private Limited Plot No. RZ-D-27, Nihal Vihar, Nangloi, Delhi-110 041 B-14.01722 May 15, 2000 September 17, 2018 2. G.R. Medi P
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. P S C Holding Private Limited Plot No. RZ-D-27, Nihal Vihar, Nangloi, Delhi-110 041 B-14.01722 May 15, 2000 September 17, 2018 2. G.R. Medi P
ਨਵੰ 27, 2018
The Kuppam Co-operative Town Bank Ltd., Kuppam, Andhra Pradesh – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Kuppam Co-operative Town Bank Ltd.,Kuppam, Andhra Pradesh in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations of Reserve Bank of India directions issued under Section 35A of the Banking Regulation Act, 1949 (As Applicable
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Kuppam Co-operative Town Bank Ltd.,Kuppam, Andhra Pradesh in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations of Reserve Bank of India directions issued under Section 35A of the Banking Regulation Act, 1949 (As Applicable
ਨਵੰ 27, 2018
Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directions issued under Section 35A of the Banking Regulation Act, 1949 (As Applica
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directions issued under Section 35A of the Banking Regulation Act, 1949 (As Applica
ਨਵੰ 27, 2018
The Nellore Co-operative Urban Bank Ltd., Nellore, Andhra Pradesh – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on The Nellore Co-operative Urban Bank Ltd., Nellore, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of supervisory restrictions imposed on the bank under revised Supervisory Action Framework (SAF) by Reserv
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on The Nellore Co-operative Urban Bank Ltd., Nellore, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of supervisory restrictions imposed on the bank under revised Supervisory Action Framework (SAF) by Reserv
ਨਵੰ 20, 2018
Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2018
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1179
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1179
ਨਵੰ 20, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra – Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. Reserve Bank of India has now further extended the directions for a period of six months from November 19, 2018 to May 18, 2019. A copy of
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. Reserve Bank of India has now further extended the directions for a period of six months from November 19, 2018 to May 18, 2019. A copy of
ਨਵੰ 19, 2018
RBI cancels Certificate of Registration of 34 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. J N Malik Leasing & Finance Private Limited 4/2, Sarvpriya Vihar, New Delhi-110 016 B.14.02954 July 28, 2003 September 12, 2018 2. Ram Ba
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. J N Malik Leasing & Finance Private Limited 4/2, Sarvpriya Vihar, New Delhi-110 016 B.14.02954 July 28, 2003 September 12, 2018 2. Ram Ba
ਨਵੰ 19, 2018
RBI cancels Certificate of Registration of 32 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. Avadh Credit & Lease Ltd. Varuna Road Lines 619, Rangpur, New Delhi 14.01453 December 29, 1998 September 25, 2018 2. Mars Films 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. 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. Avadh Credit & Lease Ltd. Varuna Road Lines 619, Rangpur, New Delhi 14.01453 December 29, 1998 September 25, 2018 2. Mars Films Private L
ਨਵੰ 16, 2018
RBI cancels Certificate of Registration of 34 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. Raja Devi Investment & Trading Company Private Limited 78/3, Janpath, 2nd Floor, New Delhi-110 001 B-14.02790 January 01, 2003 October 11
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. Raja Devi Investment & Trading Company Private Limited 78/3, Janpath, 2nd Floor, New Delhi-110 001 B-14.02790 January 01, 2003 October 11
ਨਵੰ 16, 2018
RBI cancels Certificate of Registration of 34 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. Fountain Head Mercantiles Private Limited Office No. 156 Res Cowork01, Regus, The Legacy, Level-1, 25A, Shakespeare Sarani, Kolkata-700 017,
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. Fountain Head Mercantiles Private Limited Office No. 156 Res Cowork01, Regus, The Legacy, Level-1, 25A, Shakespeare Sarani, Kolkata-700 017,
ਨਵੰ 15, 2018
Cancellation of Certificate of Authorisation – MMP Mobi Wallet Payment Systems Ltd
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation MMP Mobi Wallet Payment Systems Ltd. A, E & F Blocks, Voltas Premises T.B.Kad
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation MMP Mobi Wallet Payment Systems Ltd. A, E & F Blocks, Voltas Premises T.B.Kad
ਨਵੰ 15, 2018
Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra – Extension of Period
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/ 2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the s
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/ 2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the s
ਨਵੰ 15, 2018
RBI cancels Certificate of Registration of 32 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. Godfrey Leasing & Finance Limited 107, Uday Park, New Delhi-110 049 B-14.01771 June 26, 2000 September 28, 2018 2. Gurukripa Finvest Priv
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. Godfrey Leasing & Finance Limited 107, Uday Park, New Delhi-110 049 B-14.01771 June 26, 2000 September 28, 2018 2. Gurukripa Finvest Priv
ਨਵੰ 15, 2018
RBI cancels Certificate of Registration of 33 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. Sai Capital Limited G-25, Ground Floor, Rasvilas Salcon D-1, Saket District Centre, Saket, New Delhi-110 017 14.01516 September 15, 1999 Sept
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. Sai Capital Limited G-25, Ground Floor, Rasvilas Salcon D-1, Saket District Centre, Saket, New Delhi-110 017 14.01516 September 15, 1999 Sept
ਨਵੰ 14, 2018
RBI cancels Certificate of Registration of 32 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. Welford Distributors Private Limited 33A, J.L. Nehru Road, 12th Floor, Room No.13, Kolkata-700 071, West Bengal B.05.04353 September 10, 2001
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. Welford Distributors Private Limited 33A, J.L. Nehru Road, 12th Floor, Room No.13, Kolkata-700 071, West Bengal B.05.04353 September 10, 2001
ਨਵੰ 14, 2018
RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30 million on The Jammu and Kashmir Bank Ltd. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Know Your Customer / Anti-money Laundering (KYC/AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30 million on The Jammu and Kashmir Bank Ltd. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Know Your Customer / Anti-money Laundering (KYC/AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(
ਨਵੰ 14, 2018
RBI imposes monetary penalty on on Deutsche Bank A.G
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30.10 million on Deutsche Bank A.G. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer / Anti-money Laundering (KYC/AML) norms, and on disclosure of monetary penalties imposed by the regulator. This penalty has been imposed in exercise of powers vested in RBI under the pro
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30.10 million on Deutsche Bank A.G. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer / Anti-money Laundering (KYC/AML) norms, and on disclosure of monetary penalties imposed by the regulator. This penalty has been imposed in exercise of powers vested in RBI under the pro
ਨਵੰ 14, 2018
RBI cancels Certificate of Registration of 32 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. Gupta Instalment Supply Limited Gupta Bhawan, Chhatri Chauraha, By Pass Road, Pilibhit, Uttar Pradesh-262 001 B-12.00410 January 14, 2016 Aug
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. Gupta Instalment Supply Limited Gupta Bhawan, Chhatri Chauraha, By Pass Road, Pilibhit, Uttar Pradesh-262 001 B-12.00410 January 14, 2016 Aug
ਨਵੰ 13, 2018
RBI cancels Certificate of Registration of 32 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. Prabhat Capital Services Limited (Formerly known as D.B.Capital Services Ltd.) 102 Akashdeep Building 26A, Barakhamba Road, Connaught Place,
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. Prabhat Capital Services Limited (Formerly known as D.B.Capital Services Ltd.) 102 Akashdeep Building 26A, Barakhamba Road, Connaught Place,
ਨਵੰ 13, 2018
RBI cancels Certificate of Registration of 31 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. Baynee Industries Ltd. 33A, Chowringhee Road, 18th Floor, Kolkata-700 001, West Bengal 05.02538 May 28, 1998 August 20, 2018 2. Citizen Foods
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. Baynee Industries Ltd. 33A, Chowringhee Road, 18th Floor, Kolkata-700 001, West Bengal 05.02538 May 28, 1998 August 20, 2018 2. Citizen Foods
ਨਵੰ 12, 2018
RBI cancels Certificate of Registration of 30 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. Harvinder Motor Finance Private Limited 144, Bhatti Pura, Delhi Road, Meerut City, Uttar Pradesh-250 002 B-12.00370 June 09, 2008 September 1
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. Harvinder Motor Finance Private Limited 144, Bhatti Pura, Delhi Road, Meerut City, Uttar Pradesh-250 002 B-12.00370 June 09, 2008 September 1
ਨਵੰ 12, 2018
RBI cancels Certificate of Registration of 30 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. G.L. Finance (P) Limited 5A, Robinson Street, Kolkata-700 017, West Bengal 05.02246 May 16, 1998 July 17, 2018 2. Albright Finance Private Li
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. G.L. Finance (P) Limited 5A, Robinson Street, Kolkata-700 017, West Bengal 05.02246 May 16, 1998 July 17, 2018 2. Albright Finance Private Li
ਨਵੰ 09, 2018
Directions under section 35A of the Banking Regulation Act, 1949 (AACS) - Sikar Urban Co-operative Bank Ltd; Sikar (Rajasthan)
It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Sikar Urban Co-operative Bank Ltd., Sikar whereby as from the close of business on November 9, 2018, the aforesaid bank shall not, without prior approval in writing from RBI
It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Sikar Urban Co-operative Bank Ltd., Sikar whereby as from the close of business on November 9, 2018, the aforesaid bank shall not, without prior approval in writing from RBI
ਨਵੰ 09, 2018
RBI cancels Certificate of Registration of 31 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. Jagadhatri Properties & Investments Private Limited 103, Hem Chandra Naskar Road, 1st Floor, Flat No. 2, PS-Beliaghata, Kolkata-700 010,
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. Jagadhatri Properties & Investments Private Limited 103, Hem Chandra Naskar Road, 1st Floor, Flat No. 2, PS-Beliaghata, Kolkata-700 010,
ਨਵੰ 09, 2018
RBI issues Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala
The Reserve Bank of India (vide directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018) has placed the The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RB
The Reserve Bank of India (vide directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018) has placed the The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RB
ਨਵੰ 09, 2018
17 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. Kumar Commodities Private Limited 54/5A, Strand Road, PS.-Jora Bagan, Kolkata-700
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. Kumar Commodities Private Limited 54/5A, Strand Road, PS.-Jora Bagan, Kolkata-700
ਨਵੰ 06, 2018
RBI cancels Certificate of Registration of 30 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. Divine Leasing and Finance Limited C-76, First Floor, Sector-22, Noida, Gautam Buddha Nagar (Uttar Pradesh)-201 301 14.00288 March 06, 1998 A
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. Divine Leasing and Finance Limited C-76, First Floor, Sector-22, Noida, Gautam Buddha Nagar (Uttar Pradesh)-201 301 14.00288 March 06, 1998 A
ਨਵੰ 05, 2018
Directions u/s 35A of the Banking Regulation Act, 1949 (AACS) – Gomati Nagariya Sahakari Bank Ltd., Jaunpur (Uttar Pradesh) - Extension of period
The Reserve Bank of India (RBI) has extended the Directions issued to the Gomati Nagariya Sahakari Bank Ltd., Jaunpur (Uttar Pradesh) for a further period of six months from November 11, 2018 to May 10, 2019, subject to review. The bank has been under directions u/s 35A of the Banking Regulation Act, 1949 (AACS) vide Directive dated July 03, 2017 w.e.f. close of business as on July 10, 2017. The aforesaid directive was modified / its validity was extended vide RBI dir
The Reserve Bank of India (RBI) has extended the Directions issued to the Gomati Nagariya Sahakari Bank Ltd., Jaunpur (Uttar Pradesh) for a further period of six months from November 11, 2018 to May 10, 2019, subject to review. The bank has been under directions u/s 35A of the Banking Regulation Act, 1949 (AACS) vide Directive dated July 03, 2017 w.e.f. close of business as on July 10, 2017. The aforesaid directive was modified / its validity was extended vide RBI dir
ਨਵੰ 05, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra – Extension of period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of four months from November 14, 2018 to March 13, 2019. The Directions stipulate certain restriction
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of four months from November 14, 2018 to March 13, 2019. The Directions stipulate certain restriction
ਨਵੰ 05, 2018
Reserve Bank of India imposes monetary penalty on FINO Payments Bank Limited
The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of ₹ 10 million on FINO Payments Bank Limited (the bank) for contravention of the direction to stop opening of new accounts until further instructions on account of violation of certain licensing conditions and operating guidelines for payments bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (
The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of ₹ 10 million on FINO Payments Bank Limited (the bank) for contravention of the direction to stop opening of new accounts until further instructions on account of violation of certain licensing conditions and operating guidelines for payments bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (
ਨਵੰ 02, 2018
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra- Extension of period
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-I/D-4/12.22.126/2017-18 dated November 07, 2017 from the close of business on November 09, 2017 for a period of six months. The validity of the above directions were extended by further six months i.e. up to November 09, 2018 vide directive DCBR.CO.AID/No.D-40/12.22.126/2017-18 dated May 03, 2018. It is hereby notified for the information of the public that, the Reserve B
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-I/D-4/12.22.126/2017-18 dated November 07, 2017 from the close of business on November 09, 2017 for a period of six months. The validity of the above directions were extended by further six months i.e. up to November 09, 2018 vide directive DCBR.CO.AID/No.D-40/12.22.126/2017-18 dated May 03, 2018. It is hereby notified for the information of the public that, the Reserve B
ਅਕਤੂ 31, 2018
RBI imposes monetary penalty on Dr. Ambedkar Nagrik Sahakari Bank Maryadit, Gwalior, Madhya Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on the Dr. Ambedkar Nagrik Sahakari Bank Maryadit, Gwalior, Madhya Pradesh in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the provisions of Section 27 of Banking Regulation Act, 1949 (As Applicable to Co-operative Societ
The Reserve Bank of India has imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on the Dr. Ambedkar Nagrik Sahakari Bank Maryadit, Gwalior, Madhya Pradesh in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the provisions of Section 27 of Banking Regulation Act, 1949 (As Applicable to Co-operative Societ
ਅਕਤੂ 30, 2018
RBI cancels Certificate of Registration of 31 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. Ajanta Commerce Limited 5 & 6, Fancy Lane, Kolkata- 700 001, West Bengal B.05.06507 November 18, 2004 July 09, 2018 2. Jingle Bell Securi
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. Ajanta Commerce Limited 5 & 6, Fancy Lane, Kolkata- 700 001, West Bengal B.05.06507 November 18, 2004 July 09, 2018 2. Jingle Bell Securi
ਅਕਤੂ 29, 2018
RBI cancels Certificate of Registration of 31 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. RLA Holdings Pvt. Ltd. 545, G.T. Road (5), 4th Floor, Room no. 408, Howrah-711 101, West Bengal 05.00912 March 12, 1998 July 13, 2018 2. Kaja
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. RLA Holdings Pvt. Ltd. 545, G.T. Road (5), 4th Floor, Room no. 408, Howrah-711 101, West Bengal 05.00912 March 12, 1998 July 13, 2018 2. Kaja
ਅਕਤੂ 29, 2018
NSDL Payments Bank Limited commences operations
NSDL Payments Bank Limited has commenced operations as a payments bank with effect from October 29, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. National Securities Depository Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Ajit
NSDL Payments Bank Limited has commenced operations as a payments bank with effect from October 29, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. National Securities Depository Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Ajit
ਅਕਤੂ 29, 2018
RBI issues Directions to The Needs of Life Co-operative Bank Ltd. Mumbai, Maharashtra
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018) has placed the The Needs of Life Co-operative Bank Ltd. Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000 (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated i
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018) has placed the The Needs of Life Co-operative Bank Ltd. Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000 (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated i
ਅਕਤੂ 26, 2018
RBI cancels Certificate of Registration of 32 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. Adarsh Commercial Co Ltd. 27, Sir R N Mukherjee Road, Kolkata-700 001, West Bengal 05.02855 August 27, 1998 August 01, 2018 2. Deer Gold Deal
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. Adarsh Commercial Co Ltd. 27, Sir R N Mukherjee Road, Kolkata-700 001, West Bengal 05.02855 August 27, 1998 August 01, 2018 2. Deer Gold Deal
ਅਕਤੂ 25, 2018
Mandya City Co-operative Bank Ltd., Mandya, Karnataka – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Mandya City Co-operative Bank Ltd., Mandya, in exercise of the powers vested in it under the provisions of Section 47A read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violating RBI directives/guidelines by sanctioning loans to the relative of one of the sitting directors of the bank. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Mandya City Co-operative Bank Ltd., Mandya, in exercise of the powers vested in it under the provisions of Section 47A read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violating RBI directives/guidelines by sanctioning loans to the relative of one of the sitting directors of the bank. The Reserve Bank of India
ਅਕਤੂ 25, 2018
RBI cancels Certificate of Registration of 30 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. Mettur Finance Limited 9/88C, West Main Road, Mettur Dam, Salem-636 401 B-07.00009 March 19, 2004 August 31, 2018 2. Veer Motor Finance Priva
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. Mettur Finance Limited 9/88C, West Main Road, Mettur Dam, Salem-636 401 B-07.00009 March 19, 2004 August 31, 2018 2. Veer Motor Finance Priva
ਅਕਤੂ 24, 2018
RBI cancels Certificate of Registration of 30 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 A.U.S Finance & Investments (P) Ltd. Rama House, 23 Najafgarh Road, Industrial Area, Delhi- 110 015 14.00150 March 03, 1998 August 02, 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. 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 A.U.S Finance & Investments (P) Ltd. Rama House, 23 Najafgarh Road, Industrial Area, Delhi- 110 015 14.00150 March 03, 1998 August 02, 201
ਅਕਤੂ 23, 2018
RBI cancels Certificate of Registration of 31 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 Vishwajeet Financiers Ltd. (Presently known as Vishwajeet Financiers Pvt. Ltd.) 103/24/1, Foreshore Road, Inside Binani Metal Complex, Howrah-
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 Vishwajeet Financiers Ltd. (Presently known as Vishwajeet Financiers Pvt. Ltd.) 103/24/1, Foreshore Road, Inside Binani Metal Complex, Howrah-
ਅਕਤੂ 22, 2018
RBI cancels Certificate of Registration of 30 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 Padmavati Leasing and Credits Private Limited Flat No.-7A-6, Maharani Bagh, New Delhi- 110 065 14.00299 March 06,1998 August 02, 2018 2 Udhav
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 Padmavati Leasing and Credits Private Limited Flat No.-7A-6, Maharani Bagh, New Delhi- 110 065 14.00299 March 06,1998 August 02, 2018 2 Udhav
ਅਕਤੂ 17, 2018
Urban Co-operative Bank Ltd., Basti (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 10,00,000/- (Rupees Ten Lakh only) on Urban Co-operative Bank Ltd., Basti (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Opening of on-site ATM without prior permission from RBI, Exposure Norms and Statutory/ Other Restric
The Reserve Bank of India has imposed a monetary penalty of ₹ 10,00,000/- (Rupees Ten Lakh only) on Urban Co-operative Bank Ltd., Basti (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Opening of on-site ATM without prior permission from RBI, Exposure Norms and Statutory/ Other Restric
ਅਕਤੂ 17, 2018
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – The City Co-operative Bank Ltd., Mumbai, Maharashtra- Extension of period
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), hereby directs that the Directive
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), hereby directs that the Directive
ਅਕਤੂ 17, 2018
National Urban Co-operative Bank Limited, New Delhi - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees two lakh only) on National Urban Co-operative Bank Limited, New Delhi in exercise of powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to unsecured personal loans and KYC deficiencies. The
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees two lakh only) on National Urban Co-operative Bank Limited, New Delhi in exercise of powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to unsecured personal loans and KYC deficiencies. The
ਅਕਤੂ 16, 2018
RBI cancels Certificate of Registration of 30 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 J. D Motor Finance Limited First Floor, Vikas Complex, 37, Vir Savarkar Block, Vikas Marg, Shakarpur, Delhi-110 092 14.00744 May 25, 2007 Augu
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 J. D Motor Finance Limited First Floor, Vikas Complex, 37, Vir Savarkar Block, Vikas Marg, Shakarpur, Delhi-110 092 14.00744 May 25, 2007 Augu
ਅਕਤੂ 12, 2018
RBI cancels Certificate of Registration of 31 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 Evergreen Commercial Co. Ltd. 35, Chittaranjan Avenue, 2nd Floor, Kolkata-700 012, West Bengal 05.02435 May 16, 1998 July 11, 2018 2 Meti Finance Private
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 Evergreen Commercial Co. Ltd. 35, Chittaranjan Avenue, 2nd Floor, Kolkata-700 012, West Bengal 05.02435 May 16, 1998 July 11, 2018 2 Meti Finance Private
ਅਕਤੂ 11, 2018
Hardoi Zila Sahakari Bank Ltd., Hardoi, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees one lakh only) on Hardoi Zila Sahakari Bank Ltd., Hardoi, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on restriction on holding shares in other co-operative societies u/s 19 of the Act, ibid and No
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees one lakh only) on Hardoi Zila Sahakari Bank Ltd., Hardoi, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on restriction on holding shares in other co-operative societies u/s 19 of the Act, ibid and No
ਅਕਤੂ 10, 2018
Government of India nominates Ms. Revathy Iyer and Prof. Sachin Chaturvedi to the Central Board of the Reserve Bank of India
In exercise of the powers conferred by clause (b) of the sub-section (1) of Section 8 of the Reserve Bank of India Act, 1934, the Central Government has nominated Ms. Revathy Iyer and Prof. Sachin Chaturvedi (vice Dr. Nachiket Madhusudan Mor) as Directors to the Central Board of the Reserve Bank of India for a period of four years with effect from September 19, 2018 or until further orders, whichever is earlier. Jose J. Kattoor Chief General Manager Press Release: 201
In exercise of the powers conferred by clause (b) of the sub-section (1) of Section 8 of the Reserve Bank of India Act, 1934, the Central Government has nominated Ms. Revathy Iyer and Prof. Sachin Chaturvedi (vice Dr. Nachiket Madhusudan Mor) as Directors to the Central Board of the Reserve Bank of India for a period of four years with effect from September 19, 2018 or until further orders, whichever is earlier. Jose J. Kattoor Chief General Manager Press Release: 201
ਅਕਤੂ 10, 2018
Appointment of members on Local Boards of the Reserve Bank of India
In exercise of the powers conferred by sub-section (1) of section 9 of the Reserve Bank of India Act, 1934, the Central Government has appointed Ms. Revathy Iyer and Shri Raghavendra Narayan Dubey on the Northern Local Board; Prof. Sachin Chaturvedi on the Eastern Local Board and Shri Rakesh Jain on the Southern Local Board of the Reserve Bank of India, for a period of four years with effect from September 19, 2018 or until further orders, whichever is earlier. Jose J
In exercise of the powers conferred by sub-section (1) of section 9 of the Reserve Bank of India Act, 1934, the Central Government has appointed Ms. Revathy Iyer and Shri Raghavendra Narayan Dubey on the Northern Local Board; Prof. Sachin Chaturvedi on the Eastern Local Board and Shri Rakesh Jain on the Southern Local Board of the Reserve Bank of India, for a period of four years with effect from September 19, 2018 or until further orders, whichever is earlier. Jose J
ਅਕਤੂ 10, 2018
Marginal Cost of Funds Based Lending Rate (MCLR) for the month September 2018
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/840
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/840
ਅਕਤੂ 10, 2018
Mathura Zila Sahkari Bank Ltd., Mathura, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Mathura Zila Sahkari Bank Ltd., Mathura, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on restriction on holding shares in other co-operative societies u/s 19 of the Act, ibid.
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Mathura Zila Sahkari Bank Ltd., Mathura, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on restriction on holding shares in other co-operative societies u/s 19 of the Act, ibid.
ਅਕਤੂ 09, 2018
Sir M Vishvesvaraya Co-operative Bank Ltd., Bengaluru, Karnataka – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakhs only) on Sir M Vishvesvaraya Co-operative Bank Ltd., Bengaluru, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for granting housing loans of more than ₹ 70.00 lakhs per beneficiary violating directives contained in para 2 of RBI Circular No.
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakhs only) on Sir M Vishvesvaraya Co-operative Bank Ltd., Bengaluru, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for granting housing loans of more than ₹ 70.00 lakhs per beneficiary violating directives contained in para 2 of RBI Circular No.
ਅਕਤੂ 09, 2018
Reserve Bank of India cancels the licence of Navodaya Urban Co-operative Bank Ltd., Nagpur, Maharashtra
The Reserve Bank of India (RBI) has, vide order dated October 4, 2018 cancelled the licence of Navodaya Urban Co-operative Bank Ltd., Nagpur, Maharashtra to carry on banking business, with effect from the close of business on October 08, 2018. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence
The Reserve Bank of India (RBI) has, vide order dated October 4, 2018 cancelled the licence of Navodaya Urban Co-operative Bank Ltd., Nagpur, Maharashtra to carry on banking business, with effect from the close of business on October 08, 2018. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence
ਅਕਤੂ 09, 2018
Reserve Bank of India imposes monetary penalty on Indian Mercantile Co-operative Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated September 26, 2018, a monetary penalty of ₹ 2 million on Indian Mercantile Co-operative Bank Limited (the bank) for contravention of the All Inclusive Directions (AIDs) issued to the bank and for non-compliance with RBI guidelines on classification and reporting of frauds. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i)
The Reserve Bank of India (RBI) has imposed, by an order dated September 26, 2018, a monetary penalty of ₹ 2 million on Indian Mercantile Co-operative Bank Limited (the bank) for contravention of the All Inclusive Directions (AIDs) issued to the bank and for non-compliance with RBI guidelines on classification and reporting of frauds. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i)
ਅਕਤੂ 09, 2018
RBI cancels Certificate of Registration of 28 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 Eita Services Private Limited 20B, Abdul Hamid Street, East India House, 4th Floor, Kolkata-700 069, West Bengal 05.03279 November 18, 1999 Ju
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 Eita Services Private Limited 20B, Abdul Hamid Street, East India House, 4th Floor, Kolkata-700 069, West Bengal 05.03279 November 18, 1999 Ju
ਅਕਤੂ 05, 2018
RBI releases Discussion Paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs
Reserve Bank of India today released a discussion paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs. Comments on the discussion paper are invited from market participants and other interested parties by October 19, 2018. Feedback on the discussion paper may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main BuildingShahid Bhagat Singh Marg, Fort,Mumbai – 400001 Or by email with subj
Reserve Bank of India today released a discussion paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs. Comments on the discussion paper are invited from market participants and other interested parties by October 19, 2018. Feedback on the discussion paper may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main BuildingShahid Bhagat Singh Marg, Fort,Mumbai – 400001 Or by email with subj
ਅਕਤੂ 05, 2018
RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was extended upto October 08, 2018, shall continue to apply to the bank for a further period of fo
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was extended upto October 08, 2018, shall continue to apply to the bank for a further period of fo
ਅਕਤੂ 05, 2018
The Ananthapuramu Co-operative Urban Bank Ltd., Ananthapuramu, Andhra Pradesh – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on The Ananthapuramu Co-operative Urban Bank Ltd., Ananthapuramu, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/guidelines on Exposure Norms and Statuto
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on The Ananthapuramu Co-operative Urban Bank Ltd., Ananthapuramu, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/guidelines on Exposure Norms and Statuto
ਅਕਤੂ 05, 2018
RBI imposes penalty on The Navanirman Co-operative Urban Bank Ltd., Hyderabad Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on The Navanirman Co-operative Urban Bank Ltd., Hyderabad Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/guidelines on Exposure Norms and Statutory/Other Rest
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on The Navanirman Co-operative Urban Bank Ltd., Hyderabad Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/guidelines on Exposure Norms and Statutory/Other Rest
ਅਕਤੂ 04, 2018
The Bijnor Urban Co-operative Bank Ltd., Bijnor - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 10,00,000/- (₹ Ten lakh only) on The Bijnor Urban Co-operative Bank Ltd., Bijnor in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for continuous non-submission of the returns u/s 27 of the Act ibid. The Reserve Bank of India had issued a show cause notice to the bank, in respons
The Reserve Bank of India has imposed a monetary penalty of ₹ 10,00,000/- (₹ Ten lakh only) on The Bijnor Urban Co-operative Bank Ltd., Bijnor in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for continuous non-submission of the returns u/s 27 of the Act ibid. The Reserve Bank of India had issued a show cause notice to the bank, in respons
ਅਕਤੂ 03, 2018
RBI Directions issued to Shri Ganesh Sahakri Bank Ltd, Nashik, Maharashtra further extended upto December 29, 2018
The Reserve Bank of India (vide directive DCBR.CO.AID/D-13/12..22.435/2018-19 dated September 27, 2018) has extended the Directions earlier issued to Shri Ganesh Sahakari Bank Ltd, Nashik for a further period of three months. The Directions are now valid up to December 29, 2018, subject to review. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the D
The Reserve Bank of India (vide directive DCBR.CO.AID/D-13/12..22.435/2018-19 dated September 27, 2018) has extended the Directions earlier issued to Shri Ganesh Sahakari Bank Ltd, Nashik for a further period of three months. The Directions are now valid up to December 29, 2018, subject to review. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the D
ਅਕਤੂ 03, 2018
Millath Co-operative Bank Limited, Davangere, Karnataka – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees fifteen lakh only) on Millath Co-operative Bank Limited, Davangere in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating RBI directives/guidelines by sanctioning loans and advances to directors and their relatives, vehicle loans/staff loans without doc
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees fifteen lakh only) on Millath Co-operative Bank Limited, Davangere in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating RBI directives/guidelines by sanctioning loans and advances to directors and their relatives, vehicle loans/staff loans without doc
ਅਕਤੂ 03, 2018
Reserve Bank of India imposes monetary penalty on Federal Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Federal Bank Limited (the bank) for violation of Section 19(2) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on (a) reporting of data on Central Repository of Information on Large Credits (CRILC), (b) reporting to RBI for assessment under RBS, (c) payment of compensation for delay in resolution of
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Federal Bank Limited (the bank) for violation of Section 19(2) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on (a) reporting of data on Central Repository of Information on Large Credits (CRILC), (b) reporting to RBI for assessment under RBS, (c) payment of compensation for delay in resolution of
ਅਕਤੂ 01, 2018
Reserve Bank of India imposes monetary penalty on Karur Vysya Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Karur Vysya Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, reporting of frauds, and on need for discipline at the time of opening of current accounts. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Karur Vysya Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, reporting of frauds, and on need for discipline at the time of opening of current accounts. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r
ਸਤੰ 28, 2018
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning October 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 October 01, 2018 will be 9.02 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 ave
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 October 01, 2018 will be 9.02 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 ave
ਸਤੰ 26, 2018
Dr. Babasaheb Ambedkar Urban Co-operative Bank Ltd., Nagpur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees three lakh only) on Dr. Babasaheb Ambedkar Urban Co-operative Bank Ltd., Nagpur in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the provisions of the BR Act (AACS) (Section 20) relating to ‘Prohibition of banks from granting any loan or ad
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees three lakh only) on Dr. Babasaheb Ambedkar Urban Co-operative Bank Ltd., Nagpur in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the provisions of the BR Act (AACS) (Section 20) relating to ‘Prohibition of banks from granting any loan or ad
ਸਤੰ 26, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – U. P. Civil Secretariat Primary Co- operative Bank Ltd., Lucknow
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that U. P. Civil
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that U. P. Civil
ਸਤੰ 26, 2018
RBI cancels Certificate of Registration of 30 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 Polar Investments Ltd. 3, Narottam Morarjee Marg, Ballard Estate, Mumbai-400038 13.00296 March 09,1998 August 02, 2018 2 Prime Investrade Limited Gool Ma
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 Polar Investments Ltd. 3, Narottam Morarjee Marg, Ballard Estate, Mumbai-400038 13.00296 March 09,1998 August 02, 2018 2 Prime Investrade Limited Gool Ma
ਸਤੰ 25, 2018
Marginal Cost of Funds Based Lending Rate (MCLR) for the month August 2018
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2018. Ajit Prasad Assistant Adviser Press Release: 2018-2019/691
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2018. Ajit Prasad Assistant Adviser Press Release: 2018-2019/691
ਸਤੰ 25, 2018
The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/ guidelines on Know Your Customer(KYC). The Reserve Bank
The Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives/instructions/ guidelines on Know Your Customer(KYC). The Reserve Bank
ਸਤੰ 24, 2018
RBI cancels Certificate of Registration of 14 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 Banhem Securities Private Limited 312, Veena Chambers, 21 Dalal Street, Fort, Mumbai-400001 13.00830 May 26, 1998 August 01, 2018 2 Esquire En
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 Banhem Securities Private Limited 312, Veena Chambers, 21 Dalal Street, Fort, Mumbai-400001 13.00830 May 26, 1998 August 01, 2018 2 Esquire En
ਸਤੰ 21, 2018
RBI cancels Certificate of Registration of 30 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 Cancellat-ion of CoR 1 Business India Securities and Finance Ltd Nirmal Building, 14th Floor, Nariman Point, Mumbai-400021 13.01203 March 11, 1999 July 12, 2018 2 B
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 Cancellat-ion of CoR 1 Business India Securities and Finance Ltd Nirmal Building, 14th Floor, Nariman Point, Mumbai-400021 13.01203 March 11, 1999 July 12, 2018 2 B
ਸਤੰ 18, 2018
National Sahkari Bank Ltd., Gorakhpur, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2,00,000/- (₹ Two lakh only) on Nagar Sahkari Bank Ltd., Gorakhpur, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Know Your Customer Norms. The Reserve Bank of India had issued a Show Cause Notice to the bank, in r
The Reserve Bank of India has imposed a monetary penalty of ₹ 2,00,000/- (₹ Two lakh only) on Nagar Sahkari Bank Ltd., Gorakhpur, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Know Your Customer Norms. The Reserve Bank of India had issued a Show Cause Notice to the bank, in r
ਸਤੰ 18, 2018
National Urban Co-operative Bank Ltd., Bahraich - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2,00,000/- (₹ Two lakh only) on National Urban Co-operative Bank Ltd., Bahraich in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for continuous non-submission of the returns u/s 27 of the Act ibid. The Reserve Bank of India had issued a show cause notice to the bank, in response
The Reserve Bank of India has imposed a monetary penalty of ₹ 2,00,000/- (₹ Two lakh only) on National Urban Co-operative Bank Ltd., Bahraich in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for continuous non-submission of the returns u/s 27 of the Act ibid. The Reserve Bank of India had issued a show cause notice to the bank, in response
ਸਤੰ 17, 2018
RBI cancels Certificate of Registration of 27 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 Highseas Vyapaar Private Limited Room No. 4, Ground Floor, 8, Jashoda Mansion, Gazdhar Street, Chira Bazaar, Kalbadevi, Mumbai-400002 B - 13.0
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 Highseas Vyapaar Private Limited Room No. 4, Ground Floor, 8, Jashoda Mansion, Gazdhar Street, Chira Bazaar, Kalbadevi, Mumbai-400002 B - 13.0
ਸਤੰ 15, 2018
RBI releases Handbook of Statistics on the Indian Economy 2017-18
Today, the Reserve Bank of India released its annual publication titled “Handbook of Statistics (HBS) on the Indian Economy 2017-18”. This publication, the twentieth in the series, disseminates time series data on various economic and financial indicators relating to the Indian economy. The current volume contains 242 statistical tables covering national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of
Today, the Reserve Bank of India released its annual publication titled “Handbook of Statistics (HBS) on the Indian Economy 2017-18”. This publication, the twentieth in the series, disseminates time series data on various economic and financial indicators relating to the Indian economy. The current volume contains 242 statistical tables covering national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of
ਸਤੰ 12, 2018
RBI cancels Certificate of Registration of 30 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 Exken Finance Private Limited 107, Jolly Bhavan No. 1,10, New Marine Lines, Mumbai-400020 13.01312 11-Nov-1999 03-Jul-2018 2 Mandhana Finlease Private Limited 40 Heera, Mani Ratan, B
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 Exken Finance Private Limited 107, Jolly Bhavan No. 1,10, New Marine Lines, Mumbai-400020 13.01312 11-Nov-1999 03-Jul-2018 2 Mandhana Finlease Private Limited 40 Heera, Mani Ratan, B
ਸਤੰ 12, 2018
RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2018 to March 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2018 to March 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
ਸਤੰ 07, 2018
Reserve Bank of India imposes monetary penalty on Bank of Maharashtra
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of Maharashtra (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of Maharashtra (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of
ਸਤੰ 07, 2018
Reserve Bank of India imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Union Bank of India (the bank) for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Union Bank of India (the bank) for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the
ਸਤੰ 07, 2018
RBI imposes penalty on Konark Urban Co-operative Bank Limited, Thane, Maharashtra
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Konark Urban Co-operative Bank Limited, Thane, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to Director Related Loans. The Reserve Bank o
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Konark Urban Co-operative Bank Limited, Thane, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to Director Related Loans. The Reserve Bank o
ਸਤੰ 07, 2018
Reserve Bank of India imposes monetary penalty on Bank of India
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of India (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the ba
The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of India (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the ba
ਸਤੰ 03, 2018
RBI cancels Certificate of Registration of 33 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. Date of CoR Date of cancellation of CoR 1 Ankur Finstock Private Limited 419, Ajanta Sopping Center Ring Road,Surat – 395002 Gujarat B.01.00334 October 09, 2000 July 18, 2018 2 Ashit Leasing and Finance Company Private
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. Date of CoR Date of cancellation of CoR 1 Ankur Finstock Private Limited 419, Ajanta Sopping Center Ring Road,Surat – 395002 Gujarat B.01.00334 October 09, 2000 July 18, 2018 2 Ashit Leasing and Finance Company Private
ਸਤੰ 03, 2018
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India (vide directive DCBR.CO.AID/D-11/12.22.218/2018-19 dated August 28, 2018) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from September 01, 2018 to November 30, 2018, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on eight occasions for a period of six months each and five occasions for a period of thr
The Reserve Bank of India (vide directive DCBR.CO.AID/D-11/12.22.218/2018-19 dated August 28, 2018) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from September 01, 2018 to November 30, 2018, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on eight occasions for a period of six months each and five occasions for a period of thr
ਸਤੰ 03, 2018
RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank Ltd., Bhilwara, Rajasthan
The Reserve Bank of India (RBI) has, vide order dated August 23, 2018 cancelled the licence of Bhilwara Mahila Urban Co-operative Bank Ltd., Bhilwara, Rajasthan to carry on banking business, with effect from the close of business on August 31, 2018. The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as: The bank do
The Reserve Bank of India (RBI) has, vide order dated August 23, 2018 cancelled the licence of Bhilwara Mahila Urban Co-operative Bank Ltd., Bhilwara, Rajasthan to carry on banking business, with effect from the close of business on August 31, 2018. The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as: The bank do
ਸਤੰ 03, 2018
The Reserve Bank introduces Internal Ombudsman Scheme, 2018 for Scheduled Commercial Banks
Reserve Bank of India (RBI) had, in May 2015, advised all public-sector and select private and foreign banks to appoint Internal Ombudsman (IO) as an independent authority to review complaints that were partially or wholly rejected by the respective banks. The IO mechanism was set up with a view to strengthen the internal grievance redressal system of banks and to ensure that the complaints of the customers are redressed at the level of the bank itself by an authority
Reserve Bank of India (RBI) had, in May 2015, advised all public-sector and select private and foreign banks to appoint Internal Ombudsman (IO) as an independent authority to review complaints that were partially or wholly rejected by the respective banks. The IO mechanism was set up with a view to strengthen the internal grievance redressal system of banks and to ensure that the complaints of the customers are redressed at the level of the bank itself by an authority
ਅਗ 31, 2018
10 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. Welspun Finance Limited (Presently known as Welspun Tradewel Limited) Survey No.7
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. Welspun Finance Limited (Presently known as Welspun Tradewel Limited) Survey No.7
ਅਗ 30, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra
The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016, The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated February 26, 2018 and was valid upto August 31, 2018 subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in exercise of powers vested
The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016, The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated February 26, 2018 and was valid upto August 31, 2018 subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in exercise of powers vested
ਅਗ 30, 2018
RBI cancels Certificate of Registration of 30 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. Deora Finance Pvt. Ltd. 31, Hariram Goenka Street, 1st Floor, Kolkata-700 007, West Bengal 05.01175 March 21, 1998 July 04, 2018 2. Kamdhenu Lefins Pvt. Ltd Unit-1/1 Vanasittart Row
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. Deora Finance Pvt. Ltd. 31, Hariram Goenka Street, 1st Floor, Kolkata-700 007, West Bengal 05.01175 March 21, 1998 July 04, 2018 2. Kamdhenu Lefins Pvt. Ltd Unit-1/1 Vanasittart Row
ਅਗ 29, 2018
RBI cancels Certificate of Registration of 30 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. NIF Financiers Limited A-61, Flat No-1, Ground Floor, Gali No. 4, Madhu Vihar, Near Dilli Gate, New Delhi-110 092 B-06.00350 September 25, 2000 July 12, 2018 2. Corpus Polychem Ltd.
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. NIF Financiers Limited A-61, Flat No-1, Ground Floor, Gali No. 4, Madhu Vihar, Near Dilli Gate, New Delhi-110 092 B-06.00350 September 25, 2000 July 12, 2018 2. Corpus Polychem Ltd.
ਅਗ 28, 2018
Cancellation of Certificate of Authorisation - M/s Tech Mahindra Limited, Noida
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation Tech Mahindra Limited, Noida A-20, Sector 60, Noida 201 301. 59/2013 19.09.2013 P
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation Tech Mahindra Limited, Noida A-20, Sector 60, Noida 201 301. 59/2013 19.09.2013 P
ਅਗ 27, 2018
RBI cancels Certificate of Registration of 30 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. Pentafour Commotrade Private Limited 44, Chakreberia Road (South), Kolkata-700 025, West Bengal B.05.05432 February 20, 2003 June 01 2018 2. MKF Finance Limited MKF Complex, Eluru 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. Pentafour Commotrade Private Limited 44, Chakreberia Road (South), Kolkata-700 025, West Bengal B.05.05432 February 20, 2003 June 01 2018 2. MKF Finance Limited MKF Complex, Eluru R
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ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਜੁਲਾਈ 29, 2025
