Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Mar 22, 2005
RBI meets NBFC Representatives
Dr Y V Reddy, Governor, Reserve Bank of India, last week met the Finance Industry Development Council (FIDC), a representative body of non-banking finance companies (NBFCs). Deputy Governor Shri V Leeladhar, Shri A V Sardesai, Executive Director and other senior officials of the Reserve Bank were also present. The objective of the meeting was to work out a three-year perspective for the sector. In his opening remarks, the Governor pointed out that the NBFCs were an im
Dr Y V Reddy, Governor, Reserve Bank of India, last week met the Finance Industry Development Council (FIDC), a representative body of non-banking finance companies (NBFCs). Deputy Governor Shri V Leeladhar, Shri A V Sardesai, Executive Director and other senior officials of the Reserve Bank were also present. The objective of the meeting was to work out a three-year perspective for the sector. In his opening remarks, the Governor pointed out that the NBFCs were an im
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Feb 21, 2005
Reserve Bank Cancels Certificate of Registration of Chopra and Cheema Bros.Finlease Private Limited, New Delhi
The Reserve Bank of India, has on February 5, 2005 cancelled the certificate of registration issued to Chopra and Cheema Bros.Finlease Private Limited, having its registered office at M-450, Guru Harkrishan Nagar, Paschim Vihar, New Delhi-110 087 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking finan
The Reserve Bank of India, has on February 5, 2005 cancelled the certificate of registration issued to Chopra and Cheema Bros.Finlease Private Limited, having its registered office at M-450, Guru Harkrishan Nagar, Paschim Vihar, New Delhi-110 087 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking finan
Feb 19, 2005
Reserve Bank Cancels Certificate of Registration of Cheyyar Sri Vasavi Benefit Fund Limited, Chennai
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration granted to Cheyyar Sri Vasavi Benefit Fund Limited having its registered office at B. Ramakannu Chettiar Building, No.40, Gandhi Road, Cheyyar-604 407 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Cheyyar Sri Vasavi Benefit Fund Limited cannot transact the business of a non-banking financial institution
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration granted to Cheyyar Sri Vasavi Benefit Fund Limited having its registered office at B. Ramakannu Chettiar Building, No.40, Gandhi Road, Cheyyar-604 407 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Cheyyar Sri Vasavi Benefit Fund Limited cannot transact the business of a non-banking financial institution
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Vinayaka Sai Finvest Ltd., Hyderabad
The Reserve Bank of India, has on February 14, 2005 cancelled the certificate of registration issued to Vinayaka Sai Finvest Limited, having its registered office at 5-5-61, Khaleelwadi, Nizamabad-503 003 and 2-5-43 Jawahar Road, Nizamabad and 1-607, Divyashakti Apartments, Ameerpet, Hyderabad-500 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can
The Reserve Bank of India, has on February 14, 2005 cancelled the certificate of registration issued to Vinayaka Sai Finvest Limited, having its registered office at 5-5-61, Khaleelwadi, Nizamabad-503 003 and 2-5-43 Jawahar Road, Nizamabad and 1-607, Divyashakti Apartments, Ameerpet, Hyderabad-500 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Mahatma Securities India Ltd., Hyderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Mahatma Securities India Limited, having its registered office at Mahatma Bhavan, 1st Floor, Opp. R & B Guest House, Karimnagar-505 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financia
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Mahatma Securities India Limited, having its registered office at Mahatma Bhavan, 1st Floor, Opp. R & B Guest House, Karimnagar-505 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financia
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Icon Securities India Ltd., Hyderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Icon Securities India Limited, having its registered office at Plot No.S-2, Sivalahari Apartments, Road No.13, Himayatnagar, Hyderabad-500 029 and Behind Telephone Bhavan, New Bus Stand Road, Jagtial, Karimnagar Dist. for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, th
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Icon Securities India Limited, having its registered office at Plot No.S-2, Sivalahari Apartments, Road No.13, Himayatnagar, Hyderabad-500 029 and Behind Telephone Bhavan, New Bus Stand Road, Jagtial, Karimnagar Dist. for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, th
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Bhaskar Narayan Finance Company Private Ltd., Hyderabad
The Reserve Bank of India, has on February 8, 2005 cancelled the certificate of registration issued to Bhaskar Narayan Finance Company Private Limited, having its registered office at 501, Sandhya Enclave, Saibaba Temple Lane, Dwarakapuri Colony, Punjagutta, Hyderabad 500 082 (since shifted to Flat No.102, H.No.6-1-69/1, Block `A', G.K.R.Mansion, Saifabad, Hyderabad 500 004 for carrying on the business of a non-banking financial institution. Under powers conferred by
The Reserve Bank of India, has on February 8, 2005 cancelled the certificate of registration issued to Bhaskar Narayan Finance Company Private Limited, having its registered office at 501, Sandhya Enclave, Saibaba Temple Lane, Dwarakapuri Colony, Punjagutta, Hyderabad 500 082 (since shifted to Flat No.102, H.No.6-1-69/1, Block `A', G.K.R.Mansion, Saifabad, Hyderabad 500 004 for carrying on the business of a non-banking financial institution. Under powers conferred by
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Suryavanshi Finance & Investments Pvt. Ltd., Secunderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Suryavanshi Finance & Investments Pvt. Ltd, having its registered office at `B' Block, 6th Floor, Surya Towers, 105, Sardar Patel Road, Secunderabad 500 003 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Suryavanshi Finance & Investments Pvt. Ltd, having its registered office at `B' Block, 6th Floor, Surya Towers, 105, Sardar Patel Road, Secunderabad 500 003 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Sona Finance Ltd., Hyderabad
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration issued to Sona Finance Limited, having its registered office at B-103, Yaseen Complex, Pancom Business Centre, Ameerpet `X' Roads, Hyderabad 500 073 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration issued to Sona Finance Limited, having its registered office at B-103, Yaseen Complex, Pancom Business Centre, Ameerpet `X' Roads, Hyderabad 500 073 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial
Feb 10, 2005
Reserve Bank Cancels Certificate of Registration of Al-Ameen Islamic Financial & Investment Corporation (India) Ltd.
The Reserve Bank of India, has on January 29, 2005 cancelled the certificate of registration granted to Al-Ameen Islamic Financial & Investment Corporation (India) Ltd., having its registered office at No.69, Al-Ameen Tower, 3rd Floor, Near Lalbagh Main Gate, Hosur Road, Bangalore-560 027 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Al-Ameen Islamic Financial & Investment Corporation (
The Reserve Bank of India, has on January 29, 2005 cancelled the certificate of registration granted to Al-Ameen Islamic Financial & Investment Corporation (India) Ltd., having its registered office at No.69, Al-Ameen Tower, 3rd Floor, Near Lalbagh Main Gate, Hosur Road, Bangalore-560 027 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Al-Ameen Islamic Financial & Investment Corporation (
Feb 09, 2005
Reserve Bank Cancels Certificate of Registration of M. G. Kalyan Leafin & Investments Ltd., Hyderabad
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to M. G. Kalyan Leafin & Investments Limited, having its registered office at 3-5-1110/A, Beside Hero Honda Showroom, Narayanaguda, Hyderabad-500 029 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-bankin
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to M. G. Kalyan Leafin & Investments Limited, having its registered office at 3-5-1110/A, Beside Hero Honda Showroom, Narayanaguda, Hyderabad-500 029 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-bankin
Feb 09, 2005
Reserve Bank Cancels Certificate of Registration of Maanasa Auto Finance Private Ltd., Hyderabad
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to Maanasa Auto Finance Private Limited, having its registered office at 45/1, Srikrupa Market, Malakpet, Hyderabad 500 036 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to Maanasa Auto Finance Private Limited, having its registered office at 45/1, Srikrupa Market, Malakpet, Hyderabad 500 036 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
Feb 02, 2005
Reserve Bank Cancels Certificate of Registration of Steel City Holdings Ltd., Visakhapatnam
The Reserve Bank of India, has on January 27, 2005 cancelled the certificate of registration issued to Steel City Holdings Limited, having its registered office at 49-52-5/4, Santhipuram, Visakhapatnam-503 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-b
The Reserve Bank of India, has on January 27, 2005 cancelled the certificate of registration issued to Steel City Holdings Limited, having its registered office at 49-52-5/4, Santhipuram, Visakhapatnam-503 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-b
Feb 02, 2005
Reserve Bank Cancels Certificate of Registration of Flair Investment and Finance Ltd., Hyderabad
The Reserve Bank of India, has on January 20, 2005 cancelled the certificate of registration issued to Flair Investment and Finance Limited, having its registered office at 4-7-356, Esamia Bazaar, Hyderabad 500 027 (since shifted to 8-2-680/B, Road No.12, Banjara Hills, Hyderabad-500 034) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the re
The Reserve Bank of India, has on January 20, 2005 cancelled the certificate of registration issued to Flair Investment and Finance Limited, having its registered office at 4-7-356, Esamia Bazaar, Hyderabad 500 027 (since shifted to 8-2-680/B, Road No.12, Banjara Hills, Hyderabad-500 034) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the re
Jan 19, 2005
RBI prohibits M/s. Integrated Finance Company Ltd., Chennai from accepting Public Deposits
The Reserve Bank of India has prohibited M/s. Integrated Finance Company Limited, `Vairams', 112, Sir Thyagaraya Road, T. Nagar, Chennai-600 017, from accepting any deposits, from any person, in any form, whether by way of fresh deposits or renewal, of the existing deposits or otherwise, until further orders.The Reserve Bank has also prohibited M/s. Integrated Finance Co. Ltd., in public interest, not to sell, transfer, create charge or mortgage or deal in any manner
The Reserve Bank of India has prohibited M/s. Integrated Finance Company Limited, `Vairams', 112, Sir Thyagaraya Road, T. Nagar, Chennai-600 017, from accepting any deposits, from any person, in any form, whether by way of fresh deposits or renewal, of the existing deposits or otherwise, until further orders.The Reserve Bank has also prohibited M/s. Integrated Finance Co. Ltd., in public interest, not to sell, transfer, create charge or mortgage or deal in any manner
Jan 17, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Esvee Investments Ltd., Hyderabad
The Reserve Bank of India, has on January 12, 2005 cancelled the certificate of registration issued to M/s. Esvee Investments Limited, having its registered office at 6-3-666/A, 3rd Floor, Lumbini Towers, Panjagutta, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company
The Reserve Bank of India, has on January 12, 2005 cancelled the certificate of registration issued to M/s. Esvee Investments Limited, having its registered office at 6-3-666/A, 3rd Floor, Lumbini Towers, Panjagutta, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company
Jan 13, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Goldline Capitals Ltd., Hyderabad
The Reserve Bank of India, has on January 11, 2005 cancelled the certificate of registration issued to M/s. Goldline Capitals Limited, having its registered office at 108, Maruthi Apartments, Rajbhavan Road, Somajiguda, Hyderabad 500 082 (shifted to No.8, II Floor, Nalanda Complex, Medinova Compound, Hyderabad-500 082) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the
The Reserve Bank of India, has on January 11, 2005 cancelled the certificate of registration issued to M/s. Goldline Capitals Limited, having its registered office at 108, Maruthi Apartments, Rajbhavan Road, Somajiguda, Hyderabad 500 082 (shifted to No.8, II Floor, Nalanda Complex, Medinova Compound, Hyderabad-500 082) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the
Jan 05, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Ideal Commerce Limited, Ahmedabad
The Reserve Bank of India, has on December 31, 2004 cancelled the certificate of registration issued to M/s. Ideal Commerce Limited, having its registered office at 42, Swastik Chambers, Near Gujarat Vidyapith, Off Ashram Road, Ahmedabad-380 014 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financ
The Reserve Bank of India, has on December 31, 2004 cancelled the certificate of registration issued to M/s. Ideal Commerce Limited, having its registered office at 42, Swastik Chambers, Near Gujarat Vidyapith, Off Ashram Road, Ahmedabad-380 014 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financ
Dec 29, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Sandeep Traders and Investments Ltd., Ahmedabad
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s Sandeep Traders and Investments Limited, having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial comp
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s Sandeep Traders and Investments Limited, having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial comp
Dec 28, 2004
Reserve Bank Cancels Certificate of Registration of Manipal Finance Corporation Limited, Bangalore
The Reserve Bank of India, has on December 20, 2004 cancelled the certificate of registration issued to Manipal Finance Corporation Limited, having its registered office at Manipal House, Manipal, Karnataka for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-bank
The Reserve Bank of India, has on December 20, 2004 cancelled the certificate of registration issued to Manipal Finance Corporation Limited, having its registered office at Manipal House, Manipal, Karnataka for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-bank
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