Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jun 09, 2000
RBI announces Final Guidelines for Entry of NBFCs into Insurance
Any non-banking financial company (NBFC) registered with the Reserve Bank of India RBI having net owned fund of Rs 2 crore as per the last audited balance sheet would be permitted to undertake insurance business as agent of insurance companies on fee basis, without any risk participation. All NBFCs registered with the Reserve Bank that satisfy the eligibility criteria given below will be permitted to set up a joint venture company for undertaking insurance business wi
Any non-banking financial company (NBFC) registered with the Reserve Bank of India RBI having net owned fund of Rs 2 crore as per the last audited balance sheet would be permitted to undertake insurance business as agent of insurance companies on fee basis, without any risk participation. All NBFCs registered with the Reserve Bank that satisfy the eligibility criteria given below will be permitted to set up a joint venture company for undertaking insurance business wi
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Jun 01, 2000
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 May 31, 2000 the application for certificate of registration submitted by Saswata Finance & Investment (P) Ltd., Usha Building, A.T. Road, Bharlamukh, Guwahati-781 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Ban
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 May 31, 2000 the application for certificate of registration submitted by Saswata Finance & Investment (P) Ltd., Usha Building, A.T. Road, Bharlamukh, Guwahati-781 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Ban
Jun 01, 2000
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 May 31, 2000 the application for certificate of registration submitted by Royal India House Finvest Ltd., Royal India House, Jai Prakash Nagar, Sitamarhi 843 302.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA 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 on May 31, 2000 the application for certificate of registration submitted by Royal India House Finvest Ltd., Royal India House, Jai Prakash Nagar, Sitamarhi 843 302.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India
May 31, 2000
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 May 30, 2000 the application for certificate of registration submitted by M/s. Steel City Finance Limited, Jogi Mishra Bhawan, Jugsalal, Jamshedpur-831 006.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act,
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 May 30, 2000 the application for certificate of registration submitted by M/s. Steel City Finance Limited, Jogi Mishra Bhawan, Jugsalal, Jamshedpur-831 006.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act,
May 26, 2000
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 May 23, 2000 the application for certificate of registration submitted by M/s. Franzaan Capitals Ltd., Aasan Zubi House, 1-2-597/13, Lower Tank Bund, Hyderabad-500 029. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank o
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 May 23, 2000 the application for certificate of registration submitted by M/s. Franzaan Capitals Ltd., Aasan Zubi House, 1-2-597/13, Lower Tank Bund, Hyderabad-500 029. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank o
May 17, 2000
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 May 17, 2000 the application for certificate of registration submitted by M/s. Magnum Trust Ltd., 1st Floor, Parkash Market, Near Clock Tower, Ludhiana, Punjab.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India A
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 May 17, 2000 the application for certificate of registration submitted by M/s. Magnum Trust Ltd., 1st Floor, Parkash Market, Near Clock Tower, Ludhiana, Punjab.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India A
May 12, 2000
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 May 11, 2000 the application for certificate of registration submitted by M/s. Bezwada Finance Pvt. Ltd., Maneesha Mansion, IInd floor, Opp. Pinnamaneni Polyclinic, Vijayawada-520 010. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of th
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 May 11, 2000 the application for certificate of registration submitted by M/s. Bezwada Finance Pvt. Ltd., Maneesha Mansion, IInd floor, Opp. Pinnamaneni Polyclinic, Vijayawada-520 010. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of th
May 12, 2000
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 May 11, 2000 the application for certificate of registration submitted by M/s. Osiaji Finance (Chennai) Ltd., No.101, Thirupalli Street, Sowcarpet, Chennai-600 079.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of Ind
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 May 11, 2000 the application for certificate of registration submitted by M/s. Osiaji Finance (Chennai) Ltd., No.101, Thirupalli Street, Sowcarpet, Chennai-600 079.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of Ind
May 03, 2000
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 May 2, 2000 the application for certificate of registration submitted by the financial company Shiv International Saving and Investment Company Ltd., Village & Post-Samesi, Thana-Nagram, Dist. Lucknow, Uttar Pradesh. As such, the above company cannot transact the business of a non-banking financial institution as defined
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 May 2, 2000 the application for certificate of registration submitted by the financial company Shiv International Saving and Investment Company Ltd., Village & Post-Samesi, Thana-Nagram, Dist. Lucknow, Uttar Pradesh. As such, the above company cannot transact the business of a non-banking financial institution as defined
May 02, 2000
Rejection of applications 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 applications for certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on 1.S.P. Hire Purchase Private Limited and2.Avadh Hire Purchase Company Private Limited, Shahjahanpur Road, Shyamganj, Bareilly-243 005, Uttar Pradesh.April 29, 2000As such, the above companie
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 certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on 1.S.P. Hire Purchase Private Limited and2.Avadh Hire Purchase Company Private Limited, Shahjahanpur Road, Shyamganj, Bareilly-243 005, Uttar Pradesh.April 29, 2000As such, the above companie
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