Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Feb 05, 2008
Reserve Bank Cancels Certificate of Registration of
VBC Finance & Leasing Limited
VBC Finance & Leasing Limited
The Reserve Bank of India has on January 15, 2008 cancelled the certificate of registration granted to VBC Finance & Leasing Limited having its registered office at 6-2-913/914, Ground Floor, Progressive Towers, Khairatabad, Hyderabad - 500004 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, VBC Finance & Leasing Limited cannot transact the business of a non-banking financial instituti
The Reserve Bank of India has on January 15, 2008 cancelled the certificate of registration granted to VBC Finance & Leasing Limited having its registered office at 6-2-913/914, Ground Floor, Progressive Towers, Khairatabad, Hyderabad - 500004 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, VBC Finance & Leasing Limited cannot transact the business of a non-banking financial instituti
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Feb 05, 2008
Reserve Bank Cancels Certificate of Registration of
Gangeet Securities Limited
Gangeet Securities Limited
The Reserve Bank of India has on December 28, 2007 cancelled the certificate of registration granted to Gangeet Securities Limited having its registered office at 6-56/2/40, Bombay National Highway, Balanagar, Hyderabad - 500037 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, Gangeet Securities Limited cannot transact the business of a non-banking financial institution. In exercise of the pow
The Reserve Bank of India has on December 28, 2007 cancelled the certificate of registration granted to Gangeet Securities Limited having its registered office at 6-56/2/40, Bombay National Highway, Balanagar, Hyderabad - 500037 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, Gangeet Securities Limited cannot transact the business of a non-banking financial institution. In exercise of the pow
Jan 25, 2008
Reserve Bank Cancels Certificate of Registration of M/s. Vidyut Investment Limited
The Reserve Bank of India has on December 19, 2007 cancelled the certificate of registration granted to M/s. Vidyut Investment Limited having its registered office at A-11, Industrial Area, Phase-III, S.A.S. Nagar – 160055 (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. Vidyut Investment Limited cannot transact the business of a non-banking financial institution. In exercise of
The Reserve Bank of India has on December 19, 2007 cancelled the certificate of registration granted to M/s. Vidyut Investment Limited having its registered office at A-11, Industrial Area, Phase-III, S.A.S. Nagar – 160055 (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. Vidyut Investment Limited cannot transact the business of a non-banking financial institution. In exercise of
Jan 24, 2008
RBI issues Draft Guidelines for NoC to open Offices or Undertaking Investment Abroad by NBFCs
The Reserve Bank of India (RBI) today posted on its website the draft Guidelines for extending No Objection Certificate (NoC) for opening of branch/subsidiary/representative office or undertaking investment abroad by Non Banking Finance Companies (NBFCs).The Reserve Bank evolved the draft guidelines as it had been receiving requests from NBFCs for NoC to open branch/subsidiary/joint venture abroad or to invest in foreign entities. The guidelines will be kept in view w
The Reserve Bank of India (RBI) today posted on its website the draft Guidelines for extending No Objection Certificate (NoC) for opening of branch/subsidiary/representative office or undertaking investment abroad by Non Banking Finance Companies (NBFCs).The Reserve Bank evolved the draft guidelines as it had been receiving requests from NBFCs for NoC to open branch/subsidiary/joint venture abroad or to invest in foreign entities. The guidelines will be kept in view w
Jan 23, 2008
Regulatory Framework for Mortgage Guarantee Company (MGC)
It may be recalled that while announcing proposals for the Union budget 2007-08, the Finance Minister of India announced:'Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Regulations will be put in place to allow the creation of mortgage guarantee companies'.Accordingly, the Bank had framed and pl
It may be recalled that while announcing proposals for the Union budget 2007-08, the Finance Minister of India announced:'Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Regulations will be put in place to allow the creation of mortgage guarantee companies'.Accordingly, the Bank had framed and pl
Jan 22, 2008
Reserve Bank Cancels Certificate of Registration of M/s. Biviyes Finance and Leasing Limited
The Reserve Bank of India has on January 7, 2008 cancelled the certificate of registration granted to M/s. Biviyes Finance and Leasing Limited having its registered office at Shubha Nidhi Complex, Biviyes Road, Kundapura - 576201 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. Biviyes Finance and Leasing Limited cannot transact the business of a non-banking financial institution. In exer
The Reserve Bank of India has on January 7, 2008 cancelled the certificate of registration granted to M/s. Biviyes Finance and Leasing Limited having its registered office at Shubha Nidhi Complex, Biviyes Road, Kundapura - 576201 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. Biviyes Finance and Leasing Limited cannot transact the business of a non-banking financial institution. In exer
Jan 21, 2008
Reserve Bank Cancels Certificate of Registration of M/s. Pavana Putra Financial and Investments Limited
The Reserve Bank of India has on November 30, 2007 cancelled the certificate of registration granted to M/s. Pavana Putra Financial and Investments Limited having its registered office at No. 17, Plat Form Road, Bangalore 560020 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Pavana Putra Financial and Investments Limited cannot transact the business of a non-banking financial institution. U
The Reserve Bank of India has on November 30, 2007 cancelled the certificate of registration granted to M/s. Pavana Putra Financial and Investments Limited having its registered office at No. 17, Plat Form Road, Bangalore 560020 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Pavana Putra Financial and Investments Limited cannot transact the business of a non-banking financial institution. U
Jan 02, 2008
Reserve Bank Cancels Certificate of Registration of two companies
The Reserve Bank of India has cancelled the certificate of registration granted to the following 2 companies on the dates shown there against as these companies have opted to exit from the business of a Non-Banking Financial Institution. Following cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution. However, the companies are under an obligation to repay deposits, if any, as per terms and condit
The Reserve Bank of India has cancelled the certificate of registration granted to the following 2 companies on the dates shown there against as these companies have opted to exit from the business of a Non-Banking Financial Institution. Following cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution. However, the companies are under an obligation to repay deposits, if any, as per terms and condit
Dec 14, 2007
Reserve Bank Cancels Certificate of Registration of
Shani Financial Services Private Limited, Bareilly (U.P.)
Shani Financial Services Private Limited, Bareilly (U.P.)
The Reserve Bank of India has on November 30, 2007 cancelled the certificate of registration granted to Shani Financial Services Private Limited having its registered office at Goel Chamber, IInd Floor, Shyamganj, Bareilly (U.P.) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Shani Financial Services Private Limited cannot transact the business of a non-banking financial institution. Under power
The Reserve Bank of India has on November 30, 2007 cancelled the certificate of registration granted to Shani Financial Services Private Limited having its registered office at Goel Chamber, IInd Floor, Shyamganj, Bareilly (U.P.) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Shani Financial Services Private Limited cannot transact the business of a non-banking financial institution. Under power
Dec 10, 2007
Reserve Bank Cancels Certificate of Registration of M/s. Evergrowing Iron and Finvest Limited, New Delhi
The Reserve Bank of India has on November 19, 2007 cancelled the certificate of registration granted to M/s. Evergrowing Iron and Finvest Limited, New Delhi having its registered office at 17, Jor Bagh, New Delhi-110013 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Evergrowing Iron and Finvest Limited, New Delhi cannot transact the business of a non-banking financial institution. Under pow
The Reserve Bank of India has on November 19, 2007 cancelled the certificate of registration granted to M/s. Evergrowing Iron and Finvest Limited, New Delhi having its registered office at 17, Jor Bagh, New Delhi-110013 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Evergrowing Iron and Finvest Limited, New Delhi cannot transact the business of a non-banking financial institution. Under pow
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