Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Aug 03, 2004
Reserve Bank Cancels Certificate of Registration of Kant Finance Private Limited, Secunderabad
The Reserve Bank of India, has on July 27, 2004 cancelled the certificate of registration issued to Kant Finance Private Limited, Secunderabad, having its registered office at Plot No.35, Samrat Colony, West Marredpally, Secunderabad-500026 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 c
The Reserve Bank of India, has on July 27, 2004 cancelled the certificate of registration issued to Kant Finance Private Limited, Secunderabad, having its registered office at Plot No.35, Samrat Colony, West Marredpally, Secunderabad-500026 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 c
Jul 23, 2004
Reserve Bank Cancels Certificate of Registration of Mont Blanc Financial Services Limited, Chennai
The Reserve Bank of India, has on July 14, 2004 cancelled the certificate of registration issued to Mont Blanc Financial Services Limited, having its registered office at 1st Floor, Abhinav Centre, No.4, Co-operative Colony, Off Chamiers Road, Chennai-600 018 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-
The Reserve Bank of India, has on July 14, 2004 cancelled the certificate of registration issued to Mont Blanc Financial Services Limited, having its registered office at 1st Floor, Abhinav Centre, No.4, Co-operative Colony, Off Chamiers Road, Chennai-600 018 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-
Jul 16, 2004
Reserve Bank Cancels Certificate of Registration of Mangal Pradeep Financial & Investment (India) Ltd., Bhubaneswar
July 16, 2004 The Reserve Bank of India, has on June 25, 2004 cancelled the certificate of registration issued to Mangal Pradeep Financial & Investment (India) Ltd., having its registered office at N-1/160, IRC village, Nayapalli, Bhubaneswar-751 015 for carrying on the business of a non-banking financial institution. However, the company is under an obligation to repay public deposits as per the terms of conditions of the contract of deposit. Under powers conferr
July 16, 2004 The Reserve Bank of India, has on June 25, 2004 cancelled the certificate of registration issued to Mangal Pradeep Financial & Investment (India) Ltd., having its registered office at N-1/160, IRC village, Nayapalli, Bhubaneswar-751 015 for carrying on the business of a non-banking financial institution. However, the company is under an obligation to repay public deposits as per the terms of conditions of the contract of deposit. Under powers conferr
Jun 22, 2004
RBI rationalises Investment Pattern for RNBCs
June 22, 2004The Reserve Bank of India (RBI) today announced rationalisation of the investment pattern prescribed for residuary non-banking companies (RNBCs) for imparting greater liquidity and safety to the investments of RNBCs and thus enhancing the protection available to the depositors. A summary of important changes in the present norms is given below: Presently the RNBCs are required to invest 80% of the aggregate liabilities to depositors (including investment
June 22, 2004The Reserve Bank of India (RBI) today announced rationalisation of the investment pattern prescribed for residuary non-banking companies (RNBCs) for imparting greater liquidity and safety to the investments of RNBCs and thus enhancing the protection available to the depositors. A summary of important changes in the present norms is given below: Presently the RNBCs are required to invest 80% of the aggregate liabilities to depositors (including investment
May 26, 2004
Reserve Bank Cancels Certificate of Registration of CFL Capital Financial Services Ltd., Kolkata
The Reserve Bank of India, has on May 18, 2004 cancelled the certificate of registration granted to CFL Capital Financial Services Ltd., having its registered office at Century Plaza, Room No.233, 2nd Floor, 81, Netaji Subhas Road, Kolkata-700 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, CFL Capital Financial Services Limited cannot transact the business of a non-banking financial institut
The Reserve Bank of India, has on May 18, 2004 cancelled the certificate of registration granted to CFL Capital Financial Services Ltd., having its registered office at Century Plaza, Room No.233, 2nd Floor, 81, Netaji Subhas Road, Kolkata-700 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, CFL Capital Financial Services Limited cannot transact the business of a non-banking financial institut
May 18, 2004
Reserve Bank Cancels Certificate of Registration of Investment Trust of India Limited, Chennai
The Reserve Bank of India, has on May 7, 2004 cancelled the certificate of registration issued to Investment Trust of India Limited having its registered office at Mashkur, 1, Krishnamachari Road, Nungambakkam, Chennai-600 034 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution.Following cancellation of registration certificate, Investment Trust of India Limited can
The Reserve Bank of India, has on May 7, 2004 cancelled the certificate of registration issued to Investment Trust of India Limited having its registered office at Mashkur, 1, Krishnamachari Road, Nungambakkam, Chennai-600 034 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution.Following cancellation of registration certificate, Investment Trust of India Limited can
May 08, 2004
RBI Cancels registration certificate of Vulcan Leasing and Investments Limited, Bangalore as `surrendered'
The Reserve Bank of India has cancelled as surrendered on April 20, 2004 the registration certificate of Vulcan Leasing and Investments Limited, No.29/30, II floor, SNS Plaza, 41, Kumarakrupa Road, Bangalore-660 001 to carry on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution. The company has also been prohibited from acceptance of deposit from public under Section 45 MB (1). Th
The Reserve Bank of India has cancelled as surrendered on April 20, 2004 the registration certificate of Vulcan Leasing and Investments Limited, No.29/30, II floor, SNS Plaza, 41, Kumarakrupa Road, Bangalore-660 001 to carry on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution. The company has also been prohibited from acceptance of deposit from public under Section 45 MB (1). Th
Apr 27, 2004
Reserve Bank Cancels Certificate of Registration of UP Instalments Limited, Bareilly
The Reserve Bank of India, has on March 18, 2004 cancelled the certificate of registration granted to UP Instalments Limited having its registered office 88-C, Civil Lines, Bareilly, Urrar Pradesh for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, UP Instalments Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited from acceptance of deposi
The Reserve Bank of India, has on March 18, 2004 cancelled the certificate of registration granted to UP Instalments Limited having its registered office 88-C, Civil Lines, Bareilly, Urrar Pradesh for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, UP Instalments Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited from acceptance of deposi
Apr 20, 2004
Interest rates on NRI deposits offered by NBFCs
The Reserve Bank of India today clarified that the rate of interest payable on fresh repatriable Non-Resident Indian (NRI) deposits accepted by all classes of Non-Banking Financial Companies (NBFCs) from the close of business on April 17, 2004 should not exceed LIBOR/SWAP rates for US dollar of corresponding maturity. The changes would also apply to the renewed repatriable NRI deposits after their present maturity period.It has also been clarified that other instructi
The Reserve Bank of India today clarified that the rate of interest payable on fresh repatriable Non-Resident Indian (NRI) deposits accepted by all classes of Non-Banking Financial Companies (NBFCs) from the close of business on April 17, 2004 should not exceed LIBOR/SWAP rates for US dollar of corresponding maturity. The changes would also apply to the renewed repatriable NRI deposits after their present maturity period.It has also been clarified that other instructi
Mar 27, 2004
Reserve Bank Cancels Certificate of Registration of Zuari Leasing and Finance Corporation Limited, Goa
The Reserve Bank of India, has cancelled the certificate of registration issued to Zuari Leasing and Finance Corporation Limited, Jai Kisaan Bhavan, Zuarinagar, Goa for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution pursuant to its amalgamation with M/s Zuari Industries Ltd., Goa. Under powers conferred by Section 45IA (6) of the Reserve Bank of India Act, 1934, th
The Reserve Bank of India, has cancelled the certificate of registration issued to Zuari Leasing and Finance Corporation Limited, Jai Kisaan Bhavan, Zuarinagar, Goa for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution pursuant to its amalgamation with M/s Zuari Industries Ltd., Goa. Under powers conferred by Section 45IA (6) of the Reserve Bank of India Act, 1934, th
Mar 08, 2004
RBI Cancels registration certificate of IIT Capital Services Ltd. as `surrendered'
The Reserve Bank of India has cancelled as surrendered on February 26, 2004, the certificate of registration issued to IIT Capital Services Limited having its registered office at Rajabahadur Mansion, 2nd Floor, 28, Bombay Samachar Marg, Mumbai 400 001 for carrying on the business of a non-banking financial institution.Following cancellation of registration certificate, IIT Capital Services Limited cannot transact the business of a non-banking financial institution. T
The Reserve Bank of India has cancelled as surrendered on February 26, 2004, the certificate of registration issued to IIT Capital Services Limited having its registered office at Rajabahadur Mansion, 2nd Floor, 28, Bombay Samachar Marg, Mumbai 400 001 for carrying on the business of a non-banking financial institution.Following cancellation of registration certificate, IIT Capital Services Limited cannot transact the business of a non-banking financial institution. T
Mar 06, 2004
Reserve Bank rejects application for certificate of registration of DCM Financial Services Limited
The Reserve Bank of India, has on March 5, 2004 rejected the application for certificate of registration submitted by DCM Financial Services Limited having its office at 75, Amrit Nagar, NDSE Part I, New Delhi-110 003 for carrying on the business of a non-banking financial institution.Following rejection of application for certificate of registration, DCM Financial Services Limited can not transact the business of a non-banking financial institution. The company has a
The Reserve Bank of India, has on March 5, 2004 rejected the application for certificate of registration submitted by DCM Financial Services Limited having its office at 75, Amrit Nagar, NDSE Part I, New Delhi-110 003 for carrying on the business of a non-banking financial institution.Following rejection of application for certificate of registration, DCM Financial Services Limited can not transact the business of a non-banking financial institution. The company has a
Feb 26, 2004
Reserve Bank rejects application for certificate of registration of U.V. Investment & Finance Private Limited, New Delhi
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 24, 2004 the application for certificate of registration submitted by U.V. Investment & Finance Private Limited, 204, Dwarkashish, Vikas Marg, Shakarpur, New Delhi-110092 for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking fi
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 24, 2004 the application for certificate of registration submitted by U.V. Investment & Finance Private Limited, 204, Dwarkashish, Vikas Marg, Shakarpur, New Delhi-110092 for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking fi
Feb 20, 2004
Reserve Bank rejects application for certificate of registration of Quick Investment (India) Limited, New Delhi
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 12, 2004 the application for certificate of registration submitted by Quick Investment (India) Limited, A-1, Maharani Bagh, New Delhi 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 defined in Clause
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 12, 2004 the application for certificate of registration submitted by Quick Investment (India) Limited, A-1, Maharani Bagh, New Delhi 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 defined in Clause
Feb 13, 2004
Reserve Bank Cancels Certificate of Registration of HICEL Leasing Limited, Hyderabad
The Reserve Bank of India, has cancelled the certificate of registration issued to HICEL Leasing Limited, 6-3-50, 1st Floor, Ganga Estates, Banjara Hills, Hyderabad for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution.Following cancellation of registration certificate, HICEL Leasing Limited cannot transact the business of a non-banking financial institution. The comp
The Reserve Bank of India, has cancelled the certificate of registration issued to HICEL Leasing Limited, 6-3-50, 1st Floor, Ganga Estates, Banjara Hills, Hyderabad for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution.Following cancellation of registration certificate, HICEL Leasing Limited cannot transact the business of a non-banking financial institution. The comp
Feb 12, 2004
Reserve Bank Rejects application for certificate of registration of Sun Aero Limited, New Delhi
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 5, 2004 the application for certificate of registration submitted by Sun Aero Limited, A-7, First Floor, Geetanjali Enclave, New Delhi-110 017 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 defined i
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 5, 2004 the application for certificate of registration submitted by Sun Aero Limited, A-7, First Floor, Geetanjali Enclave, New Delhi-110 017 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 defined i
Feb 12, 2004
Reserve Bank Cancels Certificate of Registration of Syal Finlease Limited, New Delhi
The Reserve Bank of India, has on February 6, 2004 cancelled the certificate of registration granted to Syal Finlease Limited having its registered office at 10, Netaji Market, G. T. Road, Panipat-132 103 (Haryana), for carrying on the business of a non-banking financial institution.Following cancellation of registration certificate, Syal Finlease Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited from acc
The Reserve Bank of India, has on February 6, 2004 cancelled the certificate of registration granted to Syal Finlease Limited having its registered office at 10, Netaji Market, G. T. Road, Panipat-132 103 (Haryana), for carrying on the business of a non-banking financial institution.Following cancellation of registration certificate, Syal Finlease Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited from acc
Jan 19, 2004
Cancellation of the certificate of registration as 'surrendered'
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA (6) of the Reserve Bank of India Act, 1934, has cancelled as surrendered on January 6, 2004, the certificate of registration issued to Apple Finance Limited having its registered office at 11/13, Botawala Building, First Floor, Opp. Horniman Circle, Fort, Mumbai-400 023 for carrying on the business of a non-banking financial
It is hereby notified for the information of public that the Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA (6) of the Reserve Bank of India Act, 1934, has cancelled as surrendered on January 6, 2004, the certificate of registration issued to Apple Finance Limited having its registered office at 11/13, Botawala Building, First Floor, Opp. Horniman Circle, Fort, Mumbai-400 023 for carrying on the business of a non-banking financial
Jan 15, 2004
Reserve Bank Rejects Application For Certificate of Registration of M/s. Lloyds Finance Limited
The Reserve Bank of India, has on January 13, 2004 rejected the application for certificate of registration submitted by M/s. Lloyds Finance Limited having its office at Unit No.3, Ground floor, Raheja Centre, Nariman Point, Mumbai 400 021 for carrying on the business of a non-banking financial institution.Following rejection of application for certificate of registration, M/s. Lloyds Finance Limited cannot transact the business of a non-banking financial institution.
The Reserve Bank of India, has on January 13, 2004 rejected the application for certificate of registration submitted by M/s. Lloyds Finance Limited having its office at Unit No.3, Ground floor, Raheja Centre, Nariman Point, Mumbai 400 021 for carrying on the business of a non-banking financial institution.Following rejection of application for certificate of registration, M/s. Lloyds Finance Limited cannot transact the business of a non-banking financial institution.
Jan 12, 2004
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 December 29, 2003 the application for certificate of registration submitted by Marvadi Investments Private Limited, Dr. Radhakrishnan Road, Near Kathiawar Gymkhana, Rajkot-360 001 for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking financ
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 December 29, 2003 the application for certificate of registration submitted by Marvadi Investments Private Limited, Dr. Radhakrishnan Road, Near Kathiawar Gymkhana, Rajkot-360 001 for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the business of a non-banking financ
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