Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Nov 16, 1999
RBI notifies changes in NBFC Regulations
The Reserve Bank of India today notified the changes in its regulations pertaining to the NBFCs for implementation. The decision to modify the regulations was announced in the Governor's Statement on Mid-Term Review of the Monetary and Credit Policy for the year 1999-2000 on October 29, 1999. The changes come into force with immediate effect.Borrowings from mutual funds exempted from public deposits The Non-Banking Financial Companies Acceptance of Public Deposits (Re
The Reserve Bank of India today notified the changes in its regulations pertaining to the NBFCs for implementation. The decision to modify the regulations was announced in the Governor's Statement on Mid-Term Review of the Monetary and Credit Policy for the year 1999-2000 on October 29, 1999. The changes come into force with immediate effect.Borrowings from mutual funds exempted from public deposits The Non-Banking Financial Companies Acceptance of Public Deposits (Re
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Nov 15, 1999
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 November 12, 1999, the application for Certificate of Registration submitted by the financial company M/s. PL Finance and Investment Ltd., 1 & 4 Apex Chambers, IIIrd Floor, 20, Thyagaraya Road, T.Nagar, Chennai-600 017.As such, the above company cannot transact the business of a non-banking financial institution as define
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 November 12, 1999, the application for Certificate of Registration submitted by the financial company M/s. PL Finance and Investment Ltd., 1 & 4 Apex Chambers, IIIrd Floor, 20, Thyagaraya Road, T.Nagar, Chennai-600 017.As such, the above company cannot transact the business of a non-banking financial institution as define
Nov 12, 1999
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Jai Jai Priyanga Finance Pvt. Ltd., 41, Visuvasapuri, I Street, Gnanaolivupuram, Madurai-625 0162.11.19992.Puberun Finance Private Limited, M.Azad Road, Nagaon, Dist. Nagaon, Ass
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 grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Jai Jai Priyanga Finance Pvt. Ltd., 41, Visuvasapuri, I Street, Gnanaolivupuram, Madurai-625 0162.11.19992.Puberun Finance Private Limited, M.Azad Road, Nagaon, Dist. Nagaon, Ass
Nov 06, 1999
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Mercard Ltd., "South India House" 36-40, Armenian Street, Chennai-600 001.4.11.19992.M/s. Bildeq Leasefin Ltd., Suit No.5, BBC Plaza, 178-180, North Usman Road, T. Nagar, Chennai
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 grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Mercard Ltd., "South India House" 36-40, Armenian Street, Chennai-600 001.4.11.19992.M/s. Bildeq Leasefin Ltd., Suit No.5, BBC Plaza, 178-180, North Usman Road, T. Nagar, Chennai
Nov 03, 1999
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Goan Overseas Housing Investment & Finance Ltd., Bhairao Building, 3rd floor, Opp. Municipal Market, Mapusa, Goa.2.11.19992.M/s. Bharatiya Development Finance Ltd., Apartment
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 grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Goan Overseas Housing Investment & Finance Ltd., Bhairao Building, 3rd floor, Opp. Municipal Market, Mapusa, Goa.2.11.19992.M/s. Bharatiya Development Finance Ltd., Apartment
Oct 28, 1999
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Trisubh Finlease Pvt. Ltd., 90A, Lajpat Nagar-II, New Delhi-110 02426.10.19992.Mahanadi Commercial and Investment Ltd., AT/PO Kuchinada, Dist. Sambalpur, Orissa.26.10.19993.Nagar
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 grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Trisubh Finlease Pvt. Ltd., 90A, Lajpat Nagar-II, New Delhi-110 02426.10.19992.Mahanadi Commercial and Investment Ltd., AT/PO Kuchinada, Dist. Sambalpur, Orissa.26.10.19993.Nagar
Oct 28, 1999
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Mahajan Hire Finlease (P) Ltd., 14/119, Gandhi Nagar, Aligarh-202 001, Uttar Pradesh.25.10.19992.M/s. Sansvee Finance & Leasing Ltd., 44, W.G.C. Road, Tuticorin-628 002, Tami
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 grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Mahajan Hire Finlease (P) Ltd., 14/119, Gandhi Nagar, Aligarh-202 001, Uttar Pradesh.25.10.19992.M/s. Sansvee Finance & Leasing Ltd., 44, W.G.C. Road, Tuticorin-628 002, Tami
Oct 27, 1999
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 25, 1999 the application for certificate of registration submitted by the financial company Samaleswari General Finance & Investment Company Ltd., Nayanpara P.O., Dist. Sambalpur, Orissa.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
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 25, 1999 the application for certificate of registration submitted by the financial company Samaleswari General Finance & Investment Company Ltd., Nayanpara P.O., Dist. Sambalpur, Orissa.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
Oct 26, 1999
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 25, 1999 the application for certificate of registration submitted by the financial company M/s. Asia Pacific Financial Services Ltd., Suite No. 18, Shantiniketan, 8, Camac Street, Calcutta-700 017.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) 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 October 25, 1999 the application for certificate of registration submitted by the financial company M/s. Asia Pacific Financial Services Ltd., Suite No. 18, Shantiniketan, 8, Camac Street, Calcutta-700 017.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
Oct 22, 1999
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 21, 1999 the application for certificate of registration submitted by the financial company M/s. Pappu Finance Ltd., No.60, G.N. Chetty Road, T.Nagar, Chennai-600 017.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 B
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 21, 1999 the application for certificate of registration submitted by the financial company M/s. Pappu Finance Ltd., No.60, G.N. Chetty Road, T.Nagar, Chennai-600 017.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 B
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