Press Releases - Regulating Non-Banking - ஆர்பிஐ - Reserve Bank of India
செய்தி வெளியீடுகள்
அக். 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by the financial company M/s. ATN Arihant International Ltd., 158, Lenin Sarani, 3rd Floor, Calcutta-700 013 on October 20, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by the financial company M/s. ATN Arihant International Ltd., 158, Lenin Sarani, 3rd Floor, Calcutta-700 013 on October 20, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the
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அக். 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 23, 1998, the application for grant of certificate of registration submitted by M/s. Sunshine Factors and Exports Ltd., having its Registered Office at 202, 2nd Floor, Raghvarathna Towers, Chirag Ali Lane, Abids, Hyderabad-500 001. As such, the above company cannot transact the business of a non-banking financial inst
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 23, 1998, the application for grant of certificate of registration submitted by M/s. Sunshine Factors and Exports Ltd., having its Registered Office at 202, 2nd Floor, Raghvarathna Towers, Chirag Ali Lane, Abids, Hyderabad-500 001. As such, the above company cannot transact the business of a non-banking financial inst
அக். 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. DSJ Finance Corporation Ltd., "Star House", 1st Floor, R.K.Singh, off Parsi Panchayat Road, Andheri (E), Mumbai 400 069 on October 20, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. DSJ Finance Corporation Ltd., "Star House", 1st Floor, R.K.Singh, off Parsi Panchayat Road, Andheri (E), Mumbai 400 069 on October 20, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of
அக். 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Amita Investments Services Pvt. Ltd., 61, Sunita Apartment, 98 Cuffe Parade, Mumbai 400 005 on October 16, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Amita Investments Services Pvt. Ltd., 61, Sunita Apartment, 98 Cuffe Parade, Mumbai 400 005 on October 16, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve
அக். 17, 1998
Application for grant of Certificate of Registration rejected
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 16, 1998 the applications for grant of a certificate of registration submitted by the undernoted companies: Sr.No. Name of the Company Address of the Registered Office of the Company 1. M/s. Elite Financial Services Ltd. 59-1-2(D), Karkhana, Secunderabad-500 009. 2. M/s. Elite Global Finance Ltd. -do- 3. M/s. Koratla
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 16, 1998 the applications for grant of a certificate of registration submitted by the undernoted companies: Sr.No. Name of the Company Address of the Registered Office of the Company 1. M/s. Elite Financial Services Ltd. 59-1-2(D), Karkhana, Secunderabad-500 009. 2. M/s. Elite Global Finance Ltd. -do- 3. M/s. Koratla
அக். 14, 1998
Rejection of application for certificate of registration to carry on the business of a non-banking financial institution
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 12, 1998, the application for Certificate of Registration submitted by M/s. Worldlink Finance Ltd., a Non-Banking Financial Company having its Registered Office at 151, Maker Chamber III, Nariman Point, Mumbai-400 021 and Principal Office at 1102, Akashdeep Bldg, 26-A, Barakhamba Road, New Delhi-110 001. As such, the
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 12, 1998, the application for Certificate of Registration submitted by M/s. Worldlink Finance Ltd., a Non-Banking Financial Company having its Registered Office at 151, Maker Chamber III, Nariman Point, Mumbai-400 021 and Principal Office at 1102, Akashdeep Bldg, 26-A, Barakhamba Road, New Delhi-110 001. As such, the
அக். 12, 1998
Rejection of application for certificate of registration to carry on the business of a non-banking financial institution
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 7, 1998, the application for Certificate of Registration submitted by M/s. Lalbhai Finance Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking financia
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 7, 1998, the application for Certificate of Registration submitted by M/s. Lalbhai Finance Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking financia
அக். 08, 1998
Rejection of application for certificate of registration to carry on the business of a non-banking financial institution
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 7, 1998, the application for Certificate of Registration submitted by M/s. Arrow Securities Limited, a Non-Banking Financial Company having its Registered Office at 202, Ashok House, Near Navrangpura Bus Stop, Navrangpura, Ahmedabad 380009. As such, the above company cannot transact the business of a non-banking finan
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on October 7, 1998, the application for Certificate of Registration submitted by M/s. Arrow Securities Limited, a Non-Banking Financial Company having its Registered Office at 202, Ashok House, Near Navrangpura Bus Stop, Navrangpura, Ahmedabad 380009. As such, the above company cannot transact the business of a non-banking finan
அக். 07, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Credential Finance Ltd., 618, Maker Chambers-V, Nariman Point, Mumbai-400 021 on September 1, 1998.As such, the above company cannot transact the business of a non-banking financial institution as defined in clause (a) of Section 45 I of the Reserve Bank of India
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Credential Finance Ltd., 618, Maker Chambers-V, Nariman Point, Mumbai-400 021 on September 1, 1998.As such, the above company cannot transact the business of a non-banking financial institution as defined in clause (a) of Section 45 I of the Reserve Bank of India
செப். 30, 1998
Provisional Liquidator appointed on M/s. Asia Pacific Investment Trust Ltd., Hyderabad
The Hon'ble High Court has admitted a petition filed by the Reserve Bank of India against M/s. Asia Pacific Investment Trust Ltd., and has passed an order on September 7, 1998 for appointment of the Official Liquidator as Provisional Liquidator to take charge of all assets and properties of the company. The matter has been posted for further hearing on October 25, 1998. It may be recalled that M/s. Asia Pacific Investment Trust Ltd., a non-banking financial company (N
The Hon'ble High Court has admitted a petition filed by the Reserve Bank of India against M/s. Asia Pacific Investment Trust Ltd., and has passed an order on September 7, 1998 for appointment of the Official Liquidator as Provisional Liquidator to take charge of all assets and properties of the company. The matter has been posted for further hearing on October 25, 1998. It may be recalled that M/s. Asia Pacific Investment Trust Ltd., a non-banking financial company (N
செப். 29, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Elite Capital & Management Services Ltd., Flat No.1806, Sector-1, Pocket-B, Vasant Kunj, New Delhi-110 070 on September 28, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of S
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration submitted by M/s. Elite Capital & Management Services Ltd., Flat No.1806, Sector-1, Pocket-B, Vasant Kunj, New Delhi-110 070 on September 28, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of S
செப். 19, 1998
Rejection of applications for certificates of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for certificates of registration submitted by the following financial companies: Name and address of the Company Date of rejection of application 1. M/s. Narain Properties Ltd., City Centre, 4th Floor, 63/2, The Mall, Kanpur-208 004. 18.9.1998 2. M/s. Kadambini Mercantiles Ltd., City Centre, 4th Floor, 63/2, The
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for certificates of registration submitted by the following financial companies: Name and address of the Company Date of rejection of application 1. M/s. Narain Properties Ltd., City Centre, 4th Floor, 63/2, The Mall, Kanpur-208 004. 18.9.1998 2. M/s. Kadambini Mercantiles Ltd., City Centre, 4th Floor, 63/2, The
செப். 19, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration on September 17, 1998 submitted by M/s. K.M. Capital Ltd., 303, Vardhman Plaza, D-14, Central Market, Prashant Vihar, New Delhi-110 085. As such, M/s. K.M. Capital Ltd. cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of t
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration on September 17, 1998 submitted by M/s. K.M. Capital Ltd., 303, Vardhman Plaza, D-14, Central Market, Prashant Vihar, New Delhi-110 085. As such, M/s. K.M. Capital Ltd. cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of t
செப். 18, 1998
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration on September 17, 1998 submitted by M/s. Keerthi Hire Purchase & Credits Ltd., having its Registered Office at Excel Building, Sastri Road, Kottayam 686001. As such, M/s. Keerthi Hire Purchase & Credits Ltd., is precluded from carrying on the business of a non-banking financ
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the application for certificate of registration on September 17, 1998 submitted by M/s. Keerthi Hire Purchase & Credits Ltd., having its Registered Office at Excel Building, Sastri Road, Kottayam 686001. As such, M/s. Keerthi Hire Purchase & Credits Ltd., is precluded from carrying on the business of a non-banking financ
ஆக. 08, 1998
NBFCs not accepting public deposits need not submit returns to RBI
The Reserve Bank of India has today reduced its export credit refinance rate by two percentage points. The refinance rate will now be 7 per cent (two percentage points below the Bank Rate) as against the previous 9 per cent. The revised rate will be effective today and valid up to March 31, 1999. The new rates of interest will be applicable up to March 31, 1999 after which status quo ante will be restored automatically, unless otherwise notified. (Alpana Killawala) Ge
The Reserve Bank of India has today reduced its export credit refinance rate by two percentage points. The refinance rate will now be 7 per cent (two percentage points below the Bank Rate) as against the previous 9 per cent. The revised rate will be effective today and valid up to March 31, 1999. The new rates of interest will be applicable up to March 31, 1999 after which status quo ante will be restored automatically, unless otherwise notified. (Alpana Killawala) Ge
ஜூலை 14, 1998
RBI asks NBFCs/MNBCs to submit annual return
The Reserve Bank of India has advised all non-banking financial companies holding/accepting public deposits and miscellaneous non-banking companies (chit funds) to ensure submission of the annual return within the stipulated date, i.e., as early as possible after March 31, 1998 and latest by September 30, 1998. The blank form of the annual return can be collected from the respective regional office of the Reserve Bank of India (Department of Non-Banking Supervision).
The Reserve Bank of India has advised all non-banking financial companies holding/accepting public deposits and miscellaneous non-banking companies (chit funds) to ensure submission of the annual return within the stipulated date, i.e., as early as possible after March 31, 1998 and latest by September 30, 1998. The blank form of the annual return can be collected from the respective regional office of the Reserve Bank of India (Department of Non-Banking Supervision).
மே 12, 1998
RBI modifies prudential norms for NBFCs
The Reserve Bank had prescribed prudential norms for Non-Banking Financial Companies (NBFCs) in January 1998. In response to advice received from the Institute of Chartered Accountants of India (ICAI) and in consultation with them, it has been decided to introduce certain modifications in the norms for accounting for investments and provisioning against non-performing assets (NPAs). The modifications are designed to bring the prudential norms on the above two aspects
The Reserve Bank had prescribed prudential norms for Non-Banking Financial Companies (NBFCs) in January 1998. In response to advice received from the Institute of Chartered Accountants of India (ICAI) and in consultation with them, it has been decided to introduce certain modifications in the norms for accounting for investments and provisioning against non-performing assets (NPAs). The modifications are designed to bring the prudential norms on the above two aspects
மே 12, 1998
All Non- Banking Financial Companies and Residuary Non-Banking Companies
(having Net Owned Fund of Rs.25 lakh and above)
(having Net Owned Fund of Rs.25 lakh and above)
Dear Sir, Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Amendments - Please refer to the Notification No.DFC.119/DG (SPT)-98 dated January 31, 1998 in terms of which Prudential Norms Directions were issued to NBFCs and RNBCs for mandatory compliance. 2. The Institute of Chartered Accountants of India (ICAI) expressed a view that valuation of Investments should be in alignment with the Accounting Standards issued by it and that ther
Dear Sir, Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Amendments - Please refer to the Notification No.DFC.119/DG (SPT)-98 dated January 31, 1998 in terms of which Prudential Norms Directions were issued to NBFCs and RNBCs for mandatory compliance. 2. The Institute of Chartered Accountants of India (ICAI) expressed a view that valuation of Investments should be in alignment with the Accounting Standards issued by it and that ther
ஏப். 27, 1998
Advisory Group for Non-Banking Financial Companies formed
Reserve Bank of India today announced formation of an Informal Advisory Group on "Non-Banking Financial Companies" in order to review the implementation of the new NBFC regulations issued earlier this year. Besides, specific operational matters relating to regulatory and supervisory concerns will also be referred to this Committee for its suggestions. Shri S. Gurumurty. Executive Director of the Reserve Bank of India will be the Chairman of the Group and Shri V.S.N. M
Reserve Bank of India today announced formation of an Informal Advisory Group on "Non-Banking Financial Companies" in order to review the implementation of the new NBFC regulations issued earlier this year. Besides, specific operational matters relating to regulatory and supervisory concerns will also be referred to this Committee for its suggestions. Shri S. Gurumurty. Executive Director of the Reserve Bank of India will be the Chairman of the Group and Shri V.S.N. M
மார். 17, 1998
RBI Seminar on New Regulatory Framework for NBFCs
The Reserve Bank of India today organised a one-day Seminar on the New Regulatory Framework for the Non-Banking Financial Companies (NBFCs). The Seminar was held at the Indira Gandhi Institute of Development Research, Mumbai. The Seminar was attended by a cross section of NBFCs, their Associations, chambers of commerce and representatives of the Institute of Chartered Accountants of India and credit rating agencies. The purpose behind organising such a Seminar was to
The Reserve Bank of India today organised a one-day Seminar on the New Regulatory Framework for the Non-Banking Financial Companies (NBFCs). The Seminar was held at the Indira Gandhi Institute of Development Research, Mumbai. The Seminar was attended by a cross section of NBFCs, their Associations, chambers of commerce and representatives of the Institute of Chartered Accountants of India and credit rating agencies. The purpose behind organising such a Seminar was to
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