Regulating Non-Banking

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 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 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 on October 7, 2010 cancelled the certificate of registration granted on October 11, 2002 to M/s. Rakuja Investments Private Limited having its registered office at U-203, 3rd Floor, Shakarpur, Delhi-110092 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 under S

The Reserve Bank of India has cancelled the certificates of registration granted to the following companies, having their registered offices at the address shown against them, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the companies cannot transact the business of a non-banking financial institution. Sr. No. Company's Name Address of Registered Office Registration No. & Date Date of c

The Reserve Bank of India has cancelled the certificates of registration granted to the following companies, having their registered offices at the address shown against them, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the companies cannot transact the business of a non-banking financial institution. Sr. No. Company's Name Address of Registered Office Registration No. & Date Date of c

The Reserve Bank of India has on July 26, 2010 cancelled the certificate of registration granted on March 4, 1998 to Shyamram Financial Services Pvt. Ltd. having its registered office at 'Shree Nidhi', 815/A, 11th Main, 5th Cross, 4th Block, Koramangala, Bangalore - 560 034 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 insti

The Reserve Bank of India has cancelled the certificates of registration granted to the following companies, having their registered offices at the address shown against them, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the companies cannot transact the business of a non-banking financial institution. Sr. No. Company's Name Address of Registered Office Registration No. & Date Date of c

The Reserve Bank of India has cancelled the certificates of registration granted to the following companies, having their registered offices at the address shown against them, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the companies cannot transact the business of a non-banking financial institution. Sr. No. Company's Name Address of Registered Office Registration No. & Date Date of c

The Reserve Bank of India today released on its website, a Discussion Paper on "Engagement of 'for profit' Companies as Business Correspondents (BCs)" to seek the views/comments of banks, non-banking financial institutions, ‘for-profit’ companies, regulators, academicians, NGOs and the public at large. Comments/feedback on the Discussion Paper may please be sent by August 20, 2010 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations an