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مئی 28, 2019
RBI cancels Certificate of Registration of 12 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. Garnet Finance Limited Plot No. 1, Tirumala Enclave, Tirumalgherry, Secunderabad, Telangana-500 017 B-09.00162 May 24, 2003 April 04, 2019 2.
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. 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. Garnet Finance Limited Plot No. 1, Tirumala Enclave, Tirumalgherry, Secunderabad, Telangana-500 017 B-09.00162 May 24, 2003 April 04, 2019 2.
مئی 28, 2019
5 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. Geera Finance Limited 302, Shaswat Complex, Near Hotel Kanak, Opp. Gujarat Colleg
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. Geera Finance Limited 302, Shaswat Complex, Near Hotel Kanak, Opp. Gujarat Colleg
مئی 24, 2019
RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments
The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME sectors. NBFCs’ ability to perform their role effectively and efficiently requires them to be financially resilient, well-regulated and properly governed so that they retain the confidence of all their stakeholders including their lenders and borrowers. The Reserve Bank has a
The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME sectors. NBFCs’ ability to perform their role effectively and efficiently requires them to be financially resilient, well-regulated and properly governed so that they retain the confidence of all their stakeholders including their lenders and borrowers. The Reserve Bank has a
مئی 08, 2019
Cyber Security Incident Reporting by Non - Banking Financial Companies (NBFCs)
In terms of para 3.6 of Master Direction DNBS.PPD.No.04/66.15.001/2016-17 dated June 08, 2017 on IT Framework for Non-Banking Financial Companies (NBFCs), all NBFCs are presently reporting cyber security related incidents to the Reserve Bank’s Department of Non-Banking Supervision, Central Office, Mumbai in physical form as per the prescribed format. NBFCs registered with the Reserve Bank of India are advised to henceforth submit all cyber security related incidents b
In terms of para 3.6 of Master Direction DNBS.PPD.No.04/66.15.001/2016-17 dated June 08, 2017 on IT Framework for Non-Banking Financial Companies (NBFCs), all NBFCs are presently reporting cyber security related incidents to the Reserve Bank’s Department of Non-Banking Supervision, Central Office, Mumbai in physical form as per the prescribed format. NBFCs registered with the Reserve Bank of India are advised to henceforth submit all cyber security related incidents b
مئی 02, 2019
RBI cancels Certificate of Registration of 24 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. Sanket Investments & Marketing Limited A-223, Ansal Chamber-1, 2nd Floor, 3, Bhikaji Cama Place, New Delhi-110 066 B-14.02746 February 21
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. Sanket Investments & Marketing Limited A-223, Ansal Chamber-1, 2nd Floor, 3, Bhikaji Cama Place, New Delhi-110 066 B-14.02746 February 21
مئی 02, 2019
2 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. L.D. Leasing and Credit Private Limited Beekay House L-8, Green Park Extension, N
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. L.D. Leasing and Credit Private Limited Beekay House L-8, Green Park Extension, N
اپریل 26, 2019
The Reserve Bank Extends Ombudsman Scheme for Non-Banking Financial Companies to eligible Non-Deposit Taking Non-Banking Financial Companies
As announced in Para 11 of the Statement on Developmental and Regulatory Policies of the Monetary Policy Statement dated April 04, 2019, the Reserve Bank of India (RBI) today has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees 100 crore or above with customer interface vide Notification dated April 26, 2019. The
As announced in Para 11 of the Statement on Developmental and Regulatory Policies of the Monetary Policy Statement dated April 04, 2019, the Reserve Bank of India (RBI) today has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees 100 crore or above with customer interface vide Notification dated April 26, 2019. The
اپریل 22, 2019
5 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. Motilal Oswal Financial Services Limited Motilal Oswal Tower, Rahimtullah Sayani
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. Motilal Oswal Financial Services Limited Motilal Oswal Tower, Rahimtullah Sayani
اپریل 22, 2019
RBI cancels Certificate of Registration of 24 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. Jewel Stationary Private Limited 11, Babar Lane, Bengali Market, New Delhi-110 001 B-14.03302 May 30, 2014 January 18, 2019 2. AVS Fincap Limited 1214, 12th Floor, 38, Ansal Tower,
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. Jewel Stationary Private Limited 11, Babar Lane, Bengali Market, New Delhi-110 001 B-14.03302 May 30, 2014 January 18, 2019 2. AVS Fincap Limited 1214, 12th Floor, 38, Ansal Tower,
مارچ 29, 2019
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning April 01, 2019
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 April 01, 2019 will be 9.21 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 avera
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 April 01, 2019 will be 9.21 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 avera

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