Press Releases - Regulating Non-Banking - ఆర్బిఐ - Reserve Bank of India
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ఫిబ్ర 08, 2016
RBI cancels Certificate of Registration of 4 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Goyal Commercial Pvt. Ltd. C 301 Lake Apartment, 210 Jessore Rd. Kolkata-700 089 05.00698 March 07, 19
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Goyal Commercial Pvt. Ltd. C 301 Lake Apartment, 210 Jessore Rd. Kolkata-700 089 05.00698 March 07, 19
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జన 28, 2016
RBI imposes Monetary Penalty on M/s Laxman Leafin Ltd
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 2.00 lakhs (Rupees two lakhs only) on M/s Laxman Leafin Ltd, Hyderabad, a registered Non-Banking Financial Company, under section 58-G(1) read with sub section 5(aa) of section 58-B of the RBI Act,1934 for violation of the provisions of Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010 contained in the Notification IDMD.DOD.10/11.01.01 (A)/ 2009 dated June 23, 2010 and Financial C
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 2.00 lakhs (Rupees two lakhs only) on M/s Laxman Leafin Ltd, Hyderabad, a registered Non-Banking Financial Company, under section 58-G(1) read with sub section 5(aa) of section 58-B of the RBI Act,1934 for violation of the provisions of Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010 contained in the Notification IDMD.DOD.10/11.01.01 (A)/ 2009 dated June 23, 2010 and Financial C
జన 18, 2016
Reserve Bank holds meeting with banks, NBFCS and ARCs
Senior officials from the Reserve Bank of India, including the Governor, Dr. Raghuram Rajan, Deputy Governors Shri R. Gandhi and Shri S.S. Mundra, as well as senior officials from the concerned regulation and supervision departments, today held a meeting with senior executives of major banks, Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) to discuss the current challenges with regard to the management of stressed assets in the banks’
Senior officials from the Reserve Bank of India, including the Governor, Dr. Raghuram Rajan, Deputy Governors Shri R. Gandhi and Shri S.S. Mundra, as well as senior officials from the concerned regulation and supervision departments, today held a meeting with senior executives of major banks, Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) to discuss the current challenges with regard to the management of stressed assets in the banks’
డిసెం 31, 2015
Applicable Average Base Rate to be 9.45 per cent for credit by NBFC-MFIs for the quarter beginning January 01, 2016
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2016 is 9.45 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-M
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2016 is 9.45 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-M
డిసెం 21, 2015
RBI cancels Certificate of Registration of 3 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Malpani Holdings Private Ltd. 22/2, A.M.Road Kalasipalyam, New Extn, Bengaluru-560002 N-02.00231 Octo
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Malpani Holdings Private Ltd. 22/2, A.M.Road Kalasipalyam, New Extn, Bengaluru-560002 N-02.00231 Octo
డిసెం 10, 2015
Vyavsayik Sahkari Bank Ltd, Raipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Vyavsayik Sahkari Bank Ltd, Raipur in exercise of the powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46 (4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in res
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Vyavsayik Sahkari Bank Ltd, Raipur in exercise of the powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46 (4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in res
డిసెం 04, 2015
RBI cancels Certificate of Registration of 56 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 56 (fifty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank o
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 56 (fifty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank o
సెప్టెం 30, 2015
Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning October 01, 2015
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
సెప్టెం 14, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Sahara India Financial Corporation Ltd. Sahara India Bhavan, 1, Kapurthala Complex, Lucknow-226024 12.00152 December 03, 1998 S
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Sahara India Financial Corporation Ltd. Sahara India Bhavan, 1, Kapurthala Complex, Lucknow-226024 12.00152 December 03, 1998 S
సెప్టెం 09, 2015
Performance of Non-Government Non-Banking Financial and Investment (NGNBF&I) Companies, 2013-14: Data Release
The Reserve Bank of India today released on its website the data related to the performance of Non-Government Non-banking Financial and Investment (NGNBF&I) companies (including Chit fund/Kuri and Mutual Fund companies) for 2013-14. The data have been compiled based on audited annual accounts data of 18,225 companies, of which 17,636 companies’ data are based on Ministry of Corporate Affairs (MCA) systems (Extensible Business Reporting Language (XBRL) and Form 23A
The Reserve Bank of India today released on its website the data related to the performance of Non-Government Non-banking Financial and Investment (NGNBF&I) companies (including Chit fund/Kuri and Mutual Fund companies) for 2013-14. The data have been compiled based on audited annual accounts data of 18,225 companies, of which 17,636 companies’ data are based on Ministry of Corporate Affairs (MCA) systems (Extensible Business Reporting Language (XBRL) and Form 23A
ఆగ 17, 2015
RBI cancels Certificate of Registration of 7 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr.No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr.No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
ఆగ 06, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
జులై 24, 2015
RBI imposes Monetary Penalty on M/s Muthoottu Mini Financiers Pvt Ltd.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Muthoottu Mini Financiers Pvt Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Muthoottu Mini Financiers Pvt Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on
జూన్ 30, 2015
Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning July 01, 2015
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
ఏప్రి 29, 2015
RBI cancels Certificate of Registration of M/s Hotz Industries Ltd., New Delhi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Hotz Industries Ltd. 703-706, Chranjiv Tower 43, Nehru Place, New Delhi-110019 B-14.02932 June 20, 2003 March 10, 2015 Following
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Hotz Industries Ltd. 703-706, Chranjiv Tower 43, Nehru Place, New Delhi-110019 B-14.02932 June 20, 2003 March 10, 2015 Following
ఏప్రి 27, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Micro Finance Limited Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010 B-04.00019 Septembe
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Micro Finance Limited Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010 B-04.00019 Septembe
ఏప్రి 10, 2015
RBI releases draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
The Reserve Bank of India has released on its website today, the draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs for seeking comments/ views from interested parties and general public. The suggestions/ comments on the draft guidelines may be emailed or sent by post to the Chief General Manager, Department of Non-Banking Regulation, Reserve Bank of India, Central Office, 2nd Floor, Centre-1, World Trade Centre, Cuffe
The Reserve Bank of India has released on its website today, the draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs for seeking comments/ views from interested parties and general public. The suggestions/ comments on the draft guidelines may be emailed or sent by post to the Chief General Manager, Department of Non-Banking Regulation, Reserve Bank of India, Central Office, 2nd Floor, Centre-1, World Trade Centre, Cuffe
మార్చి 31, 2015
RBI penalises 16 Central Co-operative Banks (CCBs)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. T
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. T
మార్చి 31, 2015
Applicable Average Base Rate to be 10.09% for credit by NBFC-MFIs for the quarter beginning April 01, 2015
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning April 01, 2015 is 10.09 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MF
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning April 01, 2015 is 10.09 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MF
మార్చి 13, 2015
Finances of Non-Government Non-Financial Public Limited Companies, 2013-14- Data Release
The Reserve Bank of India today released on its website data related to Finances of Non-Government Non-Financial (NGNF) Public Limited Companies 2013-14. The data have been compiled based on audited annual accounts of select 4,388 NGNF public limited companies accounting for 32 per cent of population paid-up capital. It draws a comparative picture over the three year period 2011-12 to 2013-14. ‘Explanatory notes’ on data are given in Annex. Main findings: Sales growth
The Reserve Bank of India today released on its website data related to Finances of Non-Government Non-Financial (NGNF) Public Limited Companies 2013-14. The data have been compiled based on audited annual accounts of select 4,388 NGNF public limited companies accounting for 32 per cent of population paid-up capital. It draws a comparative picture over the three year period 2011-12 to 2013-14. ‘Explanatory notes’ on data are given in Annex. Main findings: Sales growth
మార్చి 02, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Denon Merchandise Pvt. Ltd. 65, Cotton Street, 1st Floor, Kolkata-700 001 05.01781 April 30, 1998 January 30, 20
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Denon Merchandise Pvt. Ltd. 65, Cotton Street, 1st Floor, Kolkata-700 001 05.01781 April 30, 1998 January 30, 20
ఫిబ్ర 20, 2015
RBI cancels Licence of The United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh)
The Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental to
The Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental to
ఫిబ్ర 13, 2015
RBI cancels Certificate of Registration of Lipi Mercantile Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation Lipi Mercantile Limited 607, 6th floor Sakar-I Near Gandhigram Railway Station, Ashram Road, Ahmedabad-380009 Gujarat No.B.01.00124
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation Lipi Mercantile Limited 607, 6th floor Sakar-I Near Gandhigram Railway Station, Ashram Road, Ahmedabad-380009 Gujarat No.B.01.00124
ఫిబ్ర 04, 2015
RBI cancels Certificate of Registration of M/s Vatican Commercial Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Vatican Commercial Limited Vaibhav, 5th Floor, 4, Lee Road, Kolkata-700 020 05.01395 April 1, 1998 December 22, 2014 Following c
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Vatican Commercial Limited Vaibhav, 5th Floor, 4, Lee Road, Kolkata-700 020 05.01395 April 1, 1998 December 22, 2014 Following c
ఫిబ్ర 03, 2015
RBI cancels Certificate of Registration of M/s Rhine & Raavi Credits & Holdings Ltd., New Delhi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Rhine & Raavi Credits & Holdings Ltd. 179-E, Khirki Village, Ground Floor, Malviya Nagar
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Rhine & Raavi Credits & Holdings Ltd. 179-E, Khirki Village, Ground Floor, Malviya Nagar
డిసెం 31, 2014
Applicable Average Base Rate to be 10.09% for NBFC-MFIs on Credit in Next Quarter
The Reserve Bank of India has communicated that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2015 is 10.09 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an
The Reserve Bank of India has communicated that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2015 is 10.09 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an
డిసెం 24, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kabra Commercial Limited 2, Brabourne Road, Govind Bhawan, 4th Floor, Kolkata-700 001 05.00226 February 20, 1998 Novem
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kabra Commercial Limited 2, Brabourne Road, Govind Bhawan, 4th Floor, Kolkata-700 001 05.00226 February 20, 1998 Novem
డిసెం 15, 2014
RBI imposes penalty on CRIF High Mark Credit Information Services Private Limited
The Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh (Rupees One lakh) on CRIF High Mark Credit Information Services Private Limited; a Credit Information Company (CIC), for violation of Sections 9(1) and 9(2) of the Credit Information Companies (Regulation) Act, 2005 (CICRA) as it did not have a whole time Managing Director/Director to manage the whole of the affairs of the CIC. The Reserve Bank had issued a show cause notice to the CIC, in response
The Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh (Rupees One lakh) on CRIF High Mark Credit Information Services Private Limited; a Credit Information Company (CIC), for violation of Sections 9(1) and 9(2) of the Credit Information Companies (Regulation) Act, 2005 (CICRA) as it did not have a whole time Managing Director/Director to manage the whole of the affairs of the CIC. The Reserve Bank had issued a show cause notice to the CIC, in response
డిసెం 09, 2014
RBI cancelled Certificate of Registration of Ask Financial Services Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation Ask Financial Services Limited “Wellesley House” 7, Red Cross Place, 3rd Floor, Kolkata-700001 B.05.05180 July 10, 2003 September 3
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation Ask Financial Services Limited “Wellesley House” 7, Red Cross Place, 3rd Floor, Kolkata-700001 B.05.05180 July 10, 2003 September 3
డిసెం 09, 2014
RBI cautions against Misuse of Certificate of Registration of Keshavlal Leasing & Finance Limited
The Reserve Bank of India has cautioned members of public against misuse of certificate of registration issued by it to Keshavlal Leasing and Finance Limited. The Reserve Bank stated that the company has not surrendered the original certificate. It had cancelled the certificate in October 2014 in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following cancellation of registration certificate, the company cannot
The Reserve Bank of India has cautioned members of public against misuse of certificate of registration issued by it to Keshavlal Leasing and Finance Limited. The Reserve Bank stated that the company has not surrendered the original certificate. It had cancelled the certificate in October 2014 in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following cancellation of registration certificate, the company cannot
నవం 24, 2014
RBI Cautions against Misuse of cancelled NBFC Certificate of Registration
It has come to the notice of the Reserve Bank of India that some entities/imposters, including companies, partnership firms, individuals, etc., are fraudulently impersonating as Non Banking Financial Companies (NBFCs) registered with the Reserve Bank of India, by forging the Certificate of Registration cancelled by Reserve Bank of India. It is understood that entities/imposters are promising loans to the needy public at attractive rates and collecting money from them
It has come to the notice of the Reserve Bank of India that some entities/imposters, including companies, partnership firms, individuals, etc., are fraudulently impersonating as Non Banking Financial Companies (NBFCs) registered with the Reserve Bank of India, by forging the Certificate of Registration cancelled by Reserve Bank of India. It is understood that entities/imposters are promising loans to the needy public at attractive rates and collecting money from them
నవం 18, 2014
RBI cancels Certificate of Registration of M/s Siva Credits Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Siva Credits Private Limited 2nd Floor, Swarnalok Complex, Governorpet, Vijayawada, Andhra Pradesh-520 002 U45200AP1990
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Siva Credits Private Limited 2nd Floor, Swarnalok Complex, Governorpet, Vijayawada, Andhra Pradesh-520 002 U45200AP1990
నవం 18, 2014
RBI cancels Certificate of Registration of M/s Emergy Finance & Investments Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Emergy Finance & Investments Limited 3-43/B, Gundla Pochempally, Hakimpet, Hyderabad U65993TG1991 PLC013227 09.0003
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation M/s Emergy Finance & Investments Limited 3-43/B, Gundla Pochempally, Hakimpet, Hyderabad U65993TG1991 PLC013227 09.0003
నవం 10, 2014
RBI issues Revised Regulatory Framework for NBFCs; Revokes Suspension on issuing CoR
The Reserve Bank of India (RBI) today issued the revised Regulatory Framework for Non-banking Finance Companies (NBFCs), with a view to streamlining the regulations for the sector. It also revoked, with immediate effect, its temporary suspension on issuance of Certificate of Registration (CoR) to companies proposing to conduct business of non-banking financial institution (NBFI). (The Reserve Bank had temporarily suspended issuance of Certificate of Registration on Ap
The Reserve Bank of India (RBI) today issued the revised Regulatory Framework for Non-banking Finance Companies (NBFCs), with a view to streamlining the regulations for the sector. It also revoked, with immediate effect, its temporary suspension on issuance of Certificate of Registration (CoR) to companies proposing to conduct business of non-banking financial institution (NBFI). (The Reserve Bank had temporarily suspended issuance of Certificate of Registration on Ap
అక్టో 30, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Subhlabh Finance & Securities Ltd. 309, Todi Chambers, 2, Lal Bazar Street, Kolkata-700001 05.03003 November 2
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Subhlabh Finance & Securities Ltd. 309, Todi Chambers, 2, Lal Bazar Street, Kolkata-700001 05.03003 November 2
అక్టో 16, 2014
RBI cancels Certificate of Registration of M/s DHP Leasing Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation M/s DHP Leasing Limited House No.B/20, East Mohan Nagar, Amritsar-143 001 (a
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation M/s DHP Leasing Limited House No.B/20, East Mohan Nagar, Amritsar-143 001 (a
అక్టో 16, 2014
RBI cancels Certificate of Registration of APS Hire Purchase Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation APS Hire Purchase Limited Station Road, Ujhani, Badaun, Uttar Pradesh-243639 (As per Bank’s record) U65921UP1990 PLC011656
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office CIN No. Certificate of Registration No. & Date Date of cancellation APS Hire Purchase Limited Station Road, Ujhani, Badaun, Uttar Pradesh-243639 (As per Bank’s record) U65921UP1990 PLC011656
అక్టో 14, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation Order 1. M/s Dutta Financiers (India) Limited, Jammu 90/11, Nanak
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date CIN No. Date of Issuance of CoR Date of Cancellation Order 1. M/s Dutta Financiers (India) Limited, Jammu 90/11, Nanak
అక్టో 08, 2014
RBI cancels Certificate of Registration of M/s Sai Adarsha Finance & Investments India Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Sai Adarsha Finance &
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Sai Adarsha Finance &
అక్టో 07, 2014
RBI cancels Certificate of Registration of M/s S.B.Overseas Pvt Limited and M/s Odyssey Dealcom Pvt Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s S .B. Overseas Private L
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s S .B. Overseas Private L
సెప్టెం 10, 2014
RBI cancels Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Shree Bhagwati Marketing Private Limited 2, Digamber Jain Temple Road, 4th Floor, Kolkata-700 007 B-05.05458 Septemb
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Shree Bhagwati Marketing Private Limited 2, Digamber Jain Temple Road, 4th Floor, Kolkata-700 007 B-05.05458 Septemb
సెప్టెం 02, 2014
RBI cancels Certificate of Registration of Five NBFCs
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Unichem Finance & Enterprises Private Limited 1A, Alipore Avenue, Kolkata-700027 B-05.05174 July 10, 2003 July 17,
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Unichem Finance & Enterprises Private Limited 1A, Alipore Avenue, Kolkata-700027 B-05.05174 July 10, 2003 July 17,
ఆగ 20, 2014
RBI cancels Certificate of Registration of M/s Alchemist Holdings Ltd., New Delhi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Alchemist Holdings Ltd., New Delhi (CIN No.U74899DL 1995PLCO74874) 405, Jyotishikhar Tower, J
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Alchemist Holdings Ltd., New Delhi (CIN No.U74899DL 1995PLCO74874) 405, Jyotishikhar Tower, J
ఆగ 08, 2014
RBI cancels Certificate of Registration of M/s BNR Udyog Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s BNR Udyog Ltd. 6-3-650, 2nd Floor, Maheshwari Chambers, Somajiguda, Hyderabad-500082 09.00067 March 5, 1998 July 1
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s BNR Udyog Ltd. 6-3-650, 2nd Floor, Maheshwari Chambers, Somajiguda, Hyderabad-500082 09.00067 March 5, 1998 July 1
ఆగ 05, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Automatrix Commodities Private Limited 3B, National Library Avenue, 3rd Floor, Kolkata-700 027 B-05.05277 January 30,
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Automatrix Commodities Private Limited 3B, National Library Avenue, 3rd Floor, Kolkata-700 027 B-05.05277 January 30,
ఆగ 01, 2014
RBI cancels Certificate of Registration of M/s DSL Finance Pvt. Ltd Private Limited & M/s Malayalam Hire Purchase and Leasing (P) Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial Institutions (NBFIs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s DSL Finance Pvt. Ltd. D No. 6-3-666, 5th floor, Deccan Chambers, Somajiguda, Hyderabad-500084 B-09.00350 June 0
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial Institutions (NBFIs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s DSL Finance Pvt. Ltd. D No. 6-3-666, 5th floor, Deccan Chambers, Somajiguda, Hyderabad-500084 B-09.00350 June 0
జులై 28, 2014
RBI cancels Certificate of Registration of six NBFCs
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs). Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. GE Strategic Investments India (GESII) Unit No.401 & 402, 4th Floor, Aggarwal Millenium To
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs). Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. GE Strategic Investments India (GESII) Unit No.401 & 402, 4th Floor, Aggarwal Millenium To
జులై 25, 2014
RBI penalises 12 banks in the case of M/s. Deccan Chronicle Holdings Ltd
The Reserve Bank of India has imposed a monetary penalty on 12 banks as under: Name of the Bank Amount of Penalty (` in lakh) 1. Andhra Bank 10 2. Axis Bank 15 3. Canara Bank 10 4. Corporation Bank 10 5. HDFC Bank 5 6. ICICI Bank 40 7. IDBI Bank 15 8. IndusInd Bank 10 9. Kotak Mahindra Bank 10 10. Ratnakar Bank 5 11. State Bank of Hyderabad 10 12. Yes Bank 10 The Reserve Bank had carried out a scrutiny of the loan and current accounts of M/s. Deccan Chronicle Holdings
The Reserve Bank of India has imposed a monetary penalty on 12 banks as under: Name of the Bank Amount of Penalty (` in lakh) 1. Andhra Bank 10 2. Axis Bank 15 3. Canara Bank 10 4. Corporation Bank 10 5. HDFC Bank 5 6. ICICI Bank 40 7. IDBI Bank 15 8. IndusInd Bank 10 9. Kotak Mahindra Bank 10 10. Ratnakar Bank 5 11. State Bank of Hyderabad 10 12. Yes Bank 10 The Reserve Bank had carried out a scrutiny of the loan and current accounts of M/s. Deccan Chronicle Holdings
జులై 23, 2014
RBI cancels Certificate of Registration of Nano Financial Services India Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Nano Financial Services Indi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Nano Financial Services Indi
జులై 23, 2014
RBI cancels Certificate of Registration of M/s Kotasar Limited & United Credit & Development Co. Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kotasar Limited 10, Clive
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Kotasar Limited 10, Clive
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