The committee of creditors for Nicco has agreed to seek a three month extension, reflecting a failure in completing resolution within the stipulated time.
“Super bikes like Harley Davidson, Triumph are truly iconic brands that many in India aspire to own. We are making this dream of our customers a possibility through our super bikes loans foray."
The industry association and self-regulator for the NBFC-MFIs has also elected Devesh Sachdev, chief executive of Fusion Microfinance as vice president.
Reliance Capital invested through its wholly-owned subsidiary Reliance Corporate Advisory Services Ltd.
The trouble might be that the law does not make a difference between the two, term loan lenders and financial lenders, and puts them on equal footing.
Such co-operative societies have neither been issued any licence under Banking Regulation Act, 1949 nor are they authorized for doing banking business, said RBI.
The non-banking company is in the business of foreign exchange, outward remittance, money transfer, gold loan, insurance and share trading.
Their employees organisation -- the All India Regional Rural Bank Employees Association -- said that a majority of the 90000-strong workforce in RRBs, is going to participate in strike.
"For day-to-day transaction purposes, introduction of 200 rupee notes will add to the ease of operations," said Soumya Kanti Ghosh, group chief economist, SBI.
There are about 1,000 IPs who have worked on an ad-hoc basis without IBBI certification.
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