The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two 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. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s GFL Financials India Limited 10/2, Ramganj, Jinsi, Indore – 452002 B.03.00159 August 24, 2002 October 18, 2017 2 M/s Alagendr

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 M/s Eagle Industrial Developments Private Limited (Presently M/s Suchitra Dyeing a

It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word “Bank” in their names. This is a violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the B.R.Act, 1949). It has also come to the notice of RBI that some Co-operative societies are accepting deposits from non-members / nominal members / associate members which tantamount to conducting banking business in violatio

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 26, 2017 and was valid upto November 30, 2017 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

In terms of GoI notification F.No.4(25) – B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06, 2017, the Sovereign Gold Bond Scheme will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017 until December 27, 2017. The settlement will be made on the first business day of the next week for the applications received during a given week. For the subscription period from November 27, 2017 to Novemb

In terms of GoI notification F. No. 4(25) – B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06, 2017, the Sovereign Gold Bond Scheme will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017 until December 27, 2017. The settlement will be made on the first business day of the next week for the applications received during a given week. For the subscription period from November 06, 2017 to Nove

The Reserve Bank of India (vide directive DCBR.CO.AID/D-21/12.22.218/2017-18 dated November 17, 2017) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period from November 22, 2017 to May 31, 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 thrice for a period of three months each. The last exte

In terms of GoI notification F.No.4(25) – B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06, 2017, the Sovereign Gold Bond Scheme will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017 until December 27, 2017. The settlement will be made on the first business day of the next week for the applications received during a given week. For the subscription period from November 20, 2017 to Novemb

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1351

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the Quarter July 2017 -September 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1353