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DEREGISTRATION OF NBFCS
Paying beyond disclosed rates to attract deposits not acceptable: RBI Guv Sanjay MalhotraReserve Bank Governor Sanjay Malhotra stated that paying interest rates higher than disclosed is unacceptable to the central bank. While ac...- Noel, Chandra set to hold talks ahead of Tata Sons board meetTata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran will meet soon. They will discuss important issues before a key Tata...
- RBI cancels registrations of 150 NBFCs; around 67 firms from Delhi, 75 from West BengalThe Reserve Bank of India has cancelled the registration of 150 Non-Banking Financial Companies. The highest number of affected firms are r...
- RBI should reject Tata Sons application to deregister as a CIC: InGovern ResearchCorporate governance firm InGovern Research Services urged the RBI to reject Tata Sons' application to deregister as a Systemically Importa...
- RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
- Tata Motors Finance, Piramal Enterprises surrender NBFC licence to RBI post mergerThe Reserve Bank of India has announced that Tata Motors Finance and Piramal Enterprises have surrendered their registration certificates. ...
- Non deposit taking NBFCs will continue to be under RBI purview says central bank in draft normsThe Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no c...
- RBI governor signals continuity amid Tata Sons listing speculationRBI governor Sanjay Malhotra addressed Tata Sons' listing mandate. He stated registered entities operate until cancellation. Tata Sons miss...
- Tata Sons missing IPO deadline: RBI says an entity can continue to do biz till registration isn't cancelledRBI Governor Sanjay Malhotra said that an entity can continue business until its registration is cancelled, amid speculation over Tata Sons...
- RBI evaluates Tata Sons’ request to shed core investment company statusThe Reserve Bank of India is considering Tata Sons' request to de-register from the list of core investment companies under NBFC-UL norms. ...
- Law expert Vinod Kothari criticises the revised regulatory norms for NBFCs announced by RBI"While there are no substantive regulation on such NBFCs, administrative controls on them will continue," he pointed out.
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