Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Aug 29, 2011
RBI releases Report of the Working Group on the Issues and Concerns in the NBFC Sector
The Reserve Bank of India today placed on its website the Report of the Working Group on the Issues and Concerns in the NBFC Sector, chaired by Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL). Other members of the Group were Sanjay Labroo, Rajiv Lall, Bharat Doshi, Pratip Kar and Uma Subramaniam (Member secretary). Comments on the Report may please be emailed or forwarded by end-September 2011 to the Chief General Manager-in-Ch
The Reserve Bank of India today placed on its website the Report of the Working Group on the Issues and Concerns in the NBFC Sector, chaired by Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL). Other members of the Group were Sanjay Labroo, Rajiv Lall, Bharat Doshi, Pratip Kar and Uma Subramaniam (Member secretary). Comments on the Report may please be emailed or forwarded by end-September 2011 to the Chief General Manager-in-Ch
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Jun 30, 2011
Fabricated Certificate of Registration - M/s Forex Achievements
It has come to the notice of Reserve Bank of India that some entity, which may be a foreign one, is operating in India and doing NBFI business, including acceptance of deposits, without obtaining a certificate of Registration (CoR) from RBI. The company is misusing the name of RBI by displaying a fake CoR on its web site for collecting deposits from the public. The Bank would like to clarify to the general public that no company / entity by the name, M/s Forex Achieve
It has come to the notice of Reserve Bank of India that some entity, which may be a foreign one, is operating in India and doing NBFI business, including acceptance of deposits, without obtaining a certificate of Registration (CoR) from RBI. The company is misusing the name of RBI by displaying a fake CoR on its web site for collecting deposits from the public. The Bank would like to clarify to the general public that no company / entity by the name, M/s Forex Achieve
Jun 03, 2011
Certificate of Registration of S.K.Capsec Private Limited - Cancelled
The Reserve Bank of India has on April 19, 2011 cancelled the certificate of registration No.B-12.00198 granted on July 26, 2000 to S.K.Capsec Private Limited having its registered office at Dr. Jai Singh Market, Maldahiya, Varanasi for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the business of a non-banking f
The Reserve Bank of India has on April 19, 2011 cancelled the certificate of registration No.B-12.00198 granted on July 26, 2000 to S.K.Capsec Private Limited having its registered office at Dr. Jai Singh Market, Maldahiya, Varanasi for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the business of a non-banking f
Jun 03, 2011
Certificate of Registration of Sansun Leasing and Finance Private Ltd. - Cancelled
The Reserve Bank of India has on May 2, 2011 cancelled the certificate of registration No.B-12.00270 granted on December 18, 2000 to Sansun Leasing and Finance Private Ltd., having its registered office at Hotel Kwality Complex, 19, Rajpur Road, Dehradun for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the busin
The Reserve Bank of India has on May 2, 2011 cancelled the certificate of registration No.B-12.00270 granted on December 18, 2000 to Sansun Leasing and Finance Private Ltd., having its registered office at Hotel Kwality Complex, 19, Rajpur Road, Dehradun for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the busin
May 23, 2011
Certificate of Registration of M/s. Supra Portfolio Limited - Cancelled
The Reserve Bank of India has on January 4, 2011 cancelled the certificate of registration No.B-14.02377 granted on August 13,, 2001 to M/s. Supra Portfolio Limited having its registered office at 803, Manjusha, Nehru Place, New Delhi-110019 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred u
The Reserve Bank of India has on January 4, 2011 cancelled the certificate of registration No.B-14.02377 granted on August 13,, 2001 to M/s. Supra Portfolio Limited having its registered office at 803, Manjusha, Nehru Place, New Delhi-110019 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. By the powers conferred u
Mar 21, 2011
Certificate of Registration of M/s. Winmore Leasing & Holdings Ltd. - Cancelled
The Reserve Bank of India has on January 7, 2011 cancelled the certificate of registration granted on March 4, 1998 to M/s. Winmore Leasing & Holdings Limited having its registered office at 706, Madhuban Building, 55, Nehru Place, New Delhi-110019 for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the busines
The Reserve Bank of India has on January 7, 2011 cancelled the certificate of registration granted on March 4, 1998 to M/s. Winmore Leasing & Holdings Limited having its registered office at 706, Madhuban Building, 55, Nehru Place, New Delhi-110019 for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. Following cancellation of the registration certificate the company cannot transact the busines
Mar 07, 2011
RBI sets up Working Group to examine Issues relating to NBFC Sector
The Reserve Bank of India has constituted a Working Group under the Chairmanship of Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) to examine a range of emerging issues pertaining to regulation of the NBFC (non-banking financial companies) sector. The NBFC sector in India has undergone a significant transformation in the past few years and has come to be recognised as a systemically important element of the financial system. T
The Reserve Bank of India has constituted a Working Group under the Chairmanship of Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) to examine a range of emerging issues pertaining to regulation of the NBFC (non-banking financial companies) sector. The NBFC sector in India has undergone a significant transformation in the past few years and has come to be recognised as a systemically important element of the financial system. T
Feb 21, 2011
Certificate of Registration of Commercial Hire Purchase (India) Ltd. - Cancelled
The Reserve Bank of India has cancelled on January 6, 2011 the certificate of registration issued to Commercial Hire Purchase (India) Ltd., having its registered office at 62, GCDA Complex, Marine Drive, Kochi-682031 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Commercial Hire Purchase (India) Ltd. cannot transact the business of a non-banking financial institution. By the p
The Reserve Bank of India has cancelled on January 6, 2011 the certificate of registration issued to Commercial Hire Purchase (India) Ltd., having its registered office at 62, GCDA Complex, Marine Drive, Kochi-682031 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Commercial Hire Purchase (India) Ltd. cannot transact the business of a non-banking financial institution. By the p
Jan 24, 2011
Application for Certificate of Registration of Nirma Investment Private Limited - Rejected
The Reserve Bank of India has rejected on January 4, 2011 the application for certificate of registration of Nirma Investment Private Limited, having its registered office at Nirma House, Ashram Road, Ahmedabad - 380 009 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Nirma Investment Private Limited cannot transact the business of a non-banking financial institution. By the po
The Reserve Bank of India has rejected on January 4, 2011 the application for certificate of registration of Nirma Investment Private Limited, having its registered office at Nirma House, Ashram Road, Ahmedabad - 380 009 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Nirma Investment Private Limited cannot transact the business of a non-banking financial institution. By the po
Jan 24, 2011
Application for Certificate of Registration of Nirma Capital Private Limited - Rejected
The Reserve Bank of India has rejected on January 4, 2011 the application for certificate of registration of Nirma Capital Private Limited, having its registered office at Nirma House, Ashram Road, Ahmedabad - 380 009 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Nirma Capital Private Limited cannot transact the business of a non-banking financial institution. By the powers c
The Reserve Bank of India has rejected on January 4, 2011 the application for certificate of registration of Nirma Capital Private Limited, having its registered office at Nirma House, Ashram Road, Ahmedabad - 380 009 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Nirma Capital Private Limited cannot transact the business of a non-banking financial institution. By the powers c
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