Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
May 06, 2014
RBI cancels Certificate of Registration of five NBFCs
The Reserve Bank of India has cancelled the certificate of registration of five non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the companies cannot transact the business of non-banking financial institution. The five companies are: Sr. No. Company's Name Address of Registered Office Date of cancellation 1. SKLS Finance Pvt. Ltd. 4/905, GNT Road, Padianallur,
The Reserve Bank of India has cancelled the certificate of registration of five non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the companies cannot transact the business of non-banking financial institution. The five companies are: Sr. No. Company's Name Address of Registered Office Date of cancellation 1. SKLS Finance Pvt. Ltd. 4/905, GNT Road, Padianallur,
Apr 01, 2014
Temporary suspension of issuing Certificate of Registration (COR) for conducting business of NBFI
Several important developments have taken place in the financial sector warranting a major shift in the regulatory paradigm for the NBFC sector. The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households,(Nachiket More Committee) which submitted its report to the Bank on December 31, 2013, has made several recommendations pertaining to NBFCs. These recommendations are being examined by the Bank. Several changes to the regulatory a
Several important developments have taken place in the financial sector warranting a major shift in the regulatory paradigm for the NBFC sector. The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households,(Nachiket More Committee) which submitted its report to the Bank on December 31, 2013, has made several recommendations pertaining to NBFCs. These recommendations are being examined by the Bank. Several changes to the regulatory a
Mar 28, 2014
Applicable Average Base Rate for NBFC-MFIs for the Quarter beginning April 01, 2014 is 10.09 per cent
The applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) to arrive at the interest rates they can charge their borrowers for the quarter beginning April 01, 2014 is 10.09 per cent. This was communicated by the Reserve Bank of India. Background In its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, the Reserve Bank had stated that it will advise the average of the base rates of the five l
The applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) to arrive at the interest rates they can charge their borrowers for the quarter beginning April 01, 2014 is 10.09 per cent. This was communicated by the Reserve Bank of India. Background In its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, the Reserve Bank had stated that it will advise the average of the base rates of the five l
Mar 24, 2014
Certificate of Registration of Manchanda Finlease Private Limited - Cancelled
The Reserve Bank of India has on February 17, 2014 cancelled the certificate of registration No.B-09.00302, issued to Manchanda Finlease Private Limited, having its registered office at 1-2-412/18/C, 104, Gagan Mahal Colony, Hyderabad-500 029 for carrying on the business of a non-banking financial institution as the company has voluntarily exited from carrying on NBFI activities. Following cancellation of the registration certificate the company cannot transact the bu
The Reserve Bank of India has on February 17, 2014 cancelled the certificate of registration No.B-09.00302, issued to Manchanda Finlease Private Limited, having its registered office at 1-2-412/18/C, 104, Gagan Mahal Colony, Hyderabad-500 029 for carrying on the business of a non-banking financial institution as the company has voluntarily exited from carrying on NBFI activities. Following cancellation of the registration certificate the company cannot transact the bu
Feb 17, 2014
Certificate of Registration of Raasula Securities Limited Cancelled
The Reserve Bank of India has cancelled the certificate of registration (CoR) No.B.09.00191 on January 6, 2014 issued to Raasula Securities Limited having its registered office at 301, 1-1-541, Sairam Suman Residency, Gandhi Nagar, Hyderabad-500020. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934
The Reserve Bank of India has cancelled the certificate of registration (CoR) No.B.09.00191 on January 6, 2014 issued to Raasula Securities Limited having its registered office at 301, 1-1-541, Sairam Suman Residency, Gandhi Nagar, Hyderabad-500020. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934
Feb 07, 2014
Certificate of Registration of M/s Gaylord Ceramics Ltd. - Cancelled
The Reserve Bank of India has on November 11, 2013 cancelled the certificate of registration No.05.01939 dated May 2, 1998, issued to M/s Gaylord Ceramics Ltd., having its registered office at 98/7A, Harish Mukherjee Road, Kolkata-700025 (as per Bank's record) for carrying on the business of a non-banking financial institution as the company has voluntarily surrendered from carrying on NBFI activities.. Following cancellation of the registration certificate the compan
The Reserve Bank of India has on November 11, 2013 cancelled the certificate of registration No.05.01939 dated May 2, 1998, issued to M/s Gaylord Ceramics Ltd., having its registered office at 98/7A, Harish Mukherjee Road, Kolkata-700025 (as per Bank's record) for carrying on the business of a non-banking financial institution as the company has voluntarily surrendered from carrying on NBFI activities.. Following cancellation of the registration certificate the compan
Feb 07, 2014
Certificate of Registration of M/s Equity Financial Services Private Limited Cancelled
The Reserve Bank of India has cancelled the certificate of registration (CoR) No.B.02.00214 on January 23, 2014 issued to M/s Equity Financial Services Private Limited having its registered office at 10, Bannerghatta Road, Near Diary Circle, Bangalore-560030. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the Reserve Bank of India
The Reserve Bank of India has cancelled the certificate of registration (CoR) No.B.02.00214 on January 23, 2014 issued to M/s Equity Financial Services Private Limited having its registered office at 10, Bannerghatta Road, Near Diary Circle, Bangalore-560030. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the Reserve Bank of India
Jan 23, 2014
Certificate of Registration of M/s Nocil Agents Pvt. Ltd. Cancelled
The Reserve Bank of India has cancelled the certificate of registration (CoR) on October 11, 2013 issued to M/s Nocil Agents Pvt. Ltd. having its registered office at 158, Lenin Sarani, 3rd Floor, Kolkata- 700013 (as per Bank's record) and at 180, M.G.Road, Kolkata-700007 (as per MCA website). Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-
The Reserve Bank of India has cancelled the certificate of registration (CoR) on October 11, 2013 issued to M/s Nocil Agents Pvt. Ltd. having its registered office at 158, Lenin Sarani, 3rd Floor, Kolkata- 700013 (as per Bank's record) and at 180, M.G.Road, Kolkata-700007 (as per MCA website). Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-
Jan 22, 2014
Certificate of Registration of M/s Bankebehari Trading & Investments Ltd. Cancelled
The Reserve Bank of India has on September 30, 2013 cancelled the certificate of registration (CoR) No. 05.01629 dated April 20, 1998, issued to M/s Bankebehari Trading & Investments Ltd. having its registered office at 11/1a, Chowringhee Terrace, Kolkata-700020 (as per Bank's record) and at 9/12, Lal Bazar Street, Block-E, 3rd Floor, Room No.11, P.S.Hare St., Kolkata-700001 (as per MCA website). Following cancellation of the registration certificate the company c
The Reserve Bank of India has on September 30, 2013 cancelled the certificate of registration (CoR) No. 05.01629 dated April 20, 1998, issued to M/s Bankebehari Trading & Investments Ltd. having its registered office at 11/1a, Chowringhee Terrace, Kolkata-700020 (as per Bank's record) and at 9/12, Lal Bazar Street, Block-E, 3rd Floor, Room No.11, P.S.Hare St., Kolkata-700001 (as per MCA website). Following cancellation of the registration certificate the company c
Jan 22, 2014
Certificate of Registration of Matrix Enport Holdings Private Limited Cancelled
The Reserve Bank of India has on December 18, 2013 cancelled the certificate of registration (CoR) No. N-09.00432, issued to Matrix Enport Holdings Private Limited Cancelled having its registered office at 202, Gayatri Arcade, Plot No.D-19, Vikrampuri Colony, Karkhana, Secunderabad-500009. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (
The Reserve Bank of India has on December 18, 2013 cancelled the certificate of registration (CoR) No. N-09.00432, issued to Matrix Enport Holdings Private Limited Cancelled having its registered office at 202, Gayatri Arcade, Plot No.D-19, Vikrampuri Colony, Karkhana, Secunderabad-500009. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (
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