Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Mar 16, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 14, 2002 the application for certificate of registration submitted by M/s. Asra India Savings & Investment Limited, No.5, Jupalli Arcade, 5th Floor, Opp. ECIL Bus Terminal, Secunderabad-500 062, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the busine
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 14, 2002 the application for certificate of registration submitted by M/s. Asra India Savings & Investment Limited, No.5, Jupalli Arcade, 5th Floor, Opp. ECIL Bus Terminal, Secunderabad-500 062, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the busine
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Mar 14, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 9, 2002 the application for certificate of registration submitted by M/s. Khushbu Fincap Ltd., 141, Shopping Centre, Kota (Rajasthan). As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934. The compa
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 9, 2002 the application for certificate of registration submitted by M/s. Khushbu Fincap Ltd., 141, Shopping Centre, Kota (Rajasthan). As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934. The compa
Mar 14, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Shree Padma Leasing and Finance Pvt. Ltd., 6, Sindhi Market Compound, Near Hinduja College, charni Road, Mumbai 400 004. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 2, 2002 the application for certificate of registration submitted by Shree Padma Leasing and Finance Pvt. Ltd., 6, Sindhi Market Compound, Near Hinduja College, charni Road, Mumbai 400 004. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
Mar 11, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 9, 2002 the application for certificate of registration submitted by M/s. Vyshnavi Finances Limited, No.16-11-771, Flat No.102, 1st Floor, Tirumala Hills Apartments, Beside SBH Moosarambagh `X' Road, Hyderabad-500 036, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 9, 2002 the application for certificate of registration submitted by M/s. Vyshnavi Finances Limited, No.16-11-771, Flat No.102, 1st Floor, Tirumala Hills Apartments, Beside SBH Moosarambagh `X' Road, Hyderabad-500 036, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot
Mar 06, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 2, 2002 the application for certificate of registration submitted by Elgi Finance Ltd., having its registered office at Elgi House, Trichy Road, Ramanathapuram, Coimbatore-641 045, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on March 2, 2002 the application for certificate of registration submitted by Elgi Finance Ltd., having its registered office at Elgi House, Trichy Road, Ramanathapuram, Coimbatore-641 045, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking
Mar 04, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 16, 2002 the application for certificate of registration submitted by Shasun Finance Ltd., at No.13, Nageswara Rao Road, T. Nagar, Chennai-600 017, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as def
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 16, 2002 the application for certificate of registration submitted by Shasun Finance Ltd., at No.13, Nageswara Rao Road, T. Nagar, Chennai-600 017, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as def
Mar 04, 2002
NBFCs to frame Policy for Demand/Call Loans
The Reserve Bank of India today announced that all non-banking finance companies (NBFCs) granting/intending to grant demand/call loans should lay down a policy duly approved by their board of directors. The policy should cover the following aspects : Stipulation of a cut off date within which the repayment of the loan will be demanded/called up. If the cut off date is beyond one year, the sanctioning authority should record specific reasons. Stipulation of the rate of
The Reserve Bank of India today announced that all non-banking finance companies (NBFCs) granting/intending to grant demand/call loans should lay down a policy duly approved by their board of directors. The policy should cover the following aspects : Stipulation of a cut off date within which the repayment of the loan will be demanded/called up. If the cut off date is beyond one year, the sanctioning authority should record specific reasons. Stipulation of the rate of
Feb 25, 2002
Rejection of applications for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by ICS Finance Ltd., having its registered office at No.21, Venkataswamy Road, R. S. Puram, Coimbatore-641 002, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banki
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by ICS Finance Ltd., having its registered office at No.21, Venkataswamy Road, R. S. Puram, Coimbatore-641 002, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banki
Feb 25, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Shalivahana Finace Ltd., 94, Minerva House, Sarojini Devi Road, Secunderabad-500 003, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial instit
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Shalivahana Finace Ltd., 94, Minerva House, Sarojini Devi Road, Secunderabad-500 003, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial instit
Feb 25, 2002
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Papadiwal Finance & Investments Pvt. Ltd., Door No.15-9-8/14, Mukhtiargunj, Hyderbad-500 012, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking fina
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 20, 2002 the application for certificate of registration submitted by M/s.Papadiwal Finance & Investments Pvt. Ltd., Door No.15-9-8/14, Mukhtiargunj, Hyderbad-500 012, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking fina
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Page Last Updated on: July 16, 2024
