Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Sep 30, 2015
Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning October 01, 2015
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
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Sep 14, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Sahara India Financial Corporation Ltd. Sahara India Bhavan, 1, Kapurthala Complex, Lucknow-226024 12.00152 December 03, 1998 S
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Sahara India Financial Corporation Ltd. Sahara India Bhavan, 1, Kapurthala Complex, Lucknow-226024 12.00152 December 03, 1998 S
Sep 09, 2015
Performance of Non-Government Non-Banking Financial and Investment (NGNBF&I) Companies, 2013-14: Data Release
The Reserve Bank of India today released on its website the data related to the performance of Non-Government Non-banking Financial and Investment (NGNBF&I) companies (including Chit fund/Kuri and Mutual Fund companies) for 2013-14. The data have been compiled based on audited annual accounts data of 18,225 companies, of which 17,636 companies’ data are based on Ministry of Corporate Affairs (MCA) systems (Extensible Business Reporting Language (XBRL) and Form 23A
The Reserve Bank of India today released on its website the data related to the performance of Non-Government Non-banking Financial and Investment (NGNBF&I) companies (including Chit fund/Kuri and Mutual Fund companies) for 2013-14. The data have been compiled based on audited annual accounts data of 18,225 companies, of which 17,636 companies’ data are based on Ministry of Corporate Affairs (MCA) systems (Extensible Business Reporting Language (XBRL) and Form 23A
Aug 17, 2015
RBI cancels Certificate of Registration of 7 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following seven 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Artisans Micro Finance Private Limited 13 N Block Market, 2nd Floor, Greater Kailash Part1, New Delhi-1
Aug 06, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
The Reserve Bank of India have cancelled the certificate of registration of the following 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun
Jul 24, 2015
RBI imposes Monetary Penalty on M/s Muthoottu Mini Financiers Pvt Ltd.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Muthoottu Mini Financiers Pvt Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5 lakh on M/s Muthoottu Mini Financiers Pvt Ltd. (the company) under section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934 for violation of various directions/orders issued by Reserve Bank of India from time to time. Background An inspection of the company under section 45N of Reserve Bank of India Act, 1934 (the RBI Act, 1934) with reference to its financial position as on
Jun 30, 2015
Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning July 01, 2015
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
Apr 29, 2015
RBI cancels Certificate of Registration of M/s Hotz Industries Ltd., New Delhi
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Hotz Industries Ltd. 703-706, Chranjiv Tower 43, Nehru Place, New Delhi-110019 B-14.02932 June 20, 2003 March 10, 2015 Following
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Hotz Industries Ltd. 703-706, Chranjiv Tower 43, Nehru Place, New Delhi-110019 B-14.02932 June 20, 2003 March 10, 2015 Following
Apr 27, 2015
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Micro Finance Limited Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010 B-04.00019 Septembe
The Reserve Bank of India have cancelled the certificate of registration of the following 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. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s. Micro Finance Limited Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010 B-04.00019 Septembe
Apr 10, 2015
RBI releases draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
The Reserve Bank of India has released on its website today, the draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs for seeking comments/ views from interested parties and general public. The suggestions/ comments on the draft guidelines may be emailed or sent by post to the Chief General Manager, Department of Non-Banking Regulation, Reserve Bank of India, Central Office, 2nd Floor, Centre-1, World Trade Centre, Cuffe
The Reserve Bank of India has released on its website today, the draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs for seeking comments/ views from interested parties and general public. The suggestions/ comments on the draft guidelines may be emailed or sent by post to the Chief General Manager, Department of Non-Banking Regulation, Reserve Bank of India, Central Office, 2nd Floor, Centre-1, World Trade Centre, Cuffe
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