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Press Releases
Jul 30, 2018
RBI cancels Certificate of Registration of 35 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 Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 Aristo Finance and Investments Limited 65, G.N.T Road, Kanakkan Chatram, Chennai – 600 110. B-07.00472 October 17, 2000 June 4, 2018 2 Evergreen Finlease
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 Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 Aristo Finance and Investments Limited 65, G.N.T Road, Kanakkan Chatram, Chennai – 600 110. B-07.00472 October 17, 2000 June 4, 2018 2 Evergreen Finlease
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Jul 27, 2018
RBI cancels Certificate of Registration of 7 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Shree Luxmi Narayan Trexim Private Limited 11, Clive Row, 1st Floor, Room No C Kolkata-700 001 B.05.04172 April 11, 2001 June 13, 2018 2. M/s Third
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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Shree Luxmi Narayan Trexim Private Limited 11, Clive Row, 1st Floor, Room No C Kolkata-700 001 B.05.04172 April 11, 2001 June 13, 2018 2. M/s Third
Jul 25, 2018
RBI cancels Certificate of Registration of 25 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 ABS Leasing & Financing (India) Limited Ranjitpura, Kurali-Morinda Road, District- Ropar, Rupnagar, Punjab B-06.00488 September 12, 2008 May 30, 201
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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1 ABS Leasing & Financing (India) Limited Ranjitpura, Kurali-Morinda Road, District- Ropar, Rupnagar, Punjab B-06.00488 September 12, 2008 May 30, 201
Jul 23, 2018
RBI cancels Certificate of Registration of 8 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 Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vintage Securities Limited 58/3, B.R.B Basu Road, First Floor, Kolkata West Bengal-700 001 05.00237 February 20, 1998 June 13, 2018 2 M/s Klass Traders Private Limited
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 Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vintage Securities Limited 58/3, B.R.B Basu Road, First Floor, Kolkata West Bengal-700 001 05.00237 February 20, 1998 June 13, 2018 2 M/s Klass Traders Private Limited
Jul 20, 2018
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. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Devika Motor Finance Private Limited A-24 Durga Chamber, Raj Nagar, Ghaziabad-201002 Uttar Pradesh B-12.00139 January 12, 2004 June 18, 2018 2 M/s Aeromec Engineering
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 Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Devika Motor Finance Private Limited A-24 Durga Chamber, Raj Nagar, Ghaziabad-201002 Uttar Pradesh B-12.00139 January 12, 2004 June 18, 2018 2 M/s Aeromec Engineering
Jul 19, 2018
RBI cancels Certificate of Registration of 29 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 Name of the Company CIN No Registration Office COR No Date of COR Cancellation Order Date 1 The Commercial Credit Corporation (1943) Private Limited U50100MH1943PTC003957 Motor House, 68 N S Patkar Marg, Mumbai- 400007 B 13.01100 16-Nov-1998 June 15, 2018 2 Sankala
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 Name of the Company CIN No Registration Office COR No Date of COR Cancellation Order Date 1 The Commercial Credit Corporation (1943) Private Limited U50100MH1943PTC003957 Motor House, 68 N S Patkar Marg, Mumbai- 400007 B 13.01100 16-Nov-1998 June 15, 2018 2 Sankala
Jul 19, 2018
RBI cancels Certificate of Registration of 16 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Apurva Marketing Private Limited 5, Clive Row, 3rd Floor, Room No. 73, PS.-Burrah Bazar, Kolkata-700 001 B-05.04098 March 19, 2001 May 18, 2018 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. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Apurva Marketing Private Limited 5, Clive Row, 3rd Floor, Room No. 73, PS.-Burrah Bazar, Kolkata-700 001 B-05.04098 March 19, 2001 May 18, 2018 2.
Jul 13, 2018
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. M/s Sri Kaliswari Finance Private Limited, Sivakasi 5-A, Chairman A Shanmuga Nada
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 Sri Kaliswari Finance Private Limited, Sivakasi 5-A, Chairman A Shanmuga Nada
Jul 06, 2018
RBI cancels Certificate of Registration of 6 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Makhariya Capital Limited 4-3-18/10, Cinema Road, Adilabad, Telangana-504 001 09.00088 March 11, 1998 May 11, 2018 2. M/s Senthil Finance Private L
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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Makhariya Capital Limited 4-3-18/10, Cinema Road, Adilabad, Telangana-504 001 09.00088 March 11, 1998 May 11, 2018 2. M/s Senthil Finance Private L
Jun 29, 2018
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning July 01, 2018
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 July 01, 2018 will be 8.92 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 averag
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 July 01, 2018 will be 8.92 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 averag
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