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Non Operating Financial Holding Company (nofhc)

Feb 28, 2014 at 18:45 | Source: Moneycontrol.com
Tata Power Company has informed that Mr. S. Padmanabhan, Executive Director (Operations) will currently hold additional charge of the Finance function as Chief Financial Officer.
Feb 19, 2014 at 12:02 | Source: CNBC-TV18
Nischint Chawathe, NBFC Analyst, Kotak is betting on IDFC, which is trading below book. He says over the next three years even if the finance company gets converted into a bank and sees pressures on Return on equity (RoE), it would still be a good buy.
Feb 13, 2014 at 13:10 | Source: PTI
The company had reported Rs 2.21 crore net loss during the corresponding period in the previous fiscal. Total income from operations was down by nearly 13 per cent to 89.3 crore during the October-December quarter.
Oct 01, 2013 at 10:00 | Source: Moneycontrol.com
Aditya Birla Money allotted 1,00,000 8% Redeemable Non Convertible Non Cumulative Preference Shares of Rs 100 each at a premium of Rs 400 per share for cash aggregating to Rs 5,00,00,000 on a private placement basis to Aditya Birla Financial Services Private Limited, holding company of the Company.
Sep 14, 2013 at 11:52 | Source: Moneycontrol.com
L&T Finance Holdings has received a Certificate of Registration from the Reserve Bank of India (RBI), under Section 45-IA of the Reserve Bank of India Act, 1934, registering the Company as a Non-Banking Financial Institution - Core Investment Company (NBFC-CIC).
Jun 19, 2013 at 14:16 | Source: CNBC-TV18
IDFC is all set to meet the requirements of RBI guidelines for new banking license, the most important step being creation of non-operating holding finance company.
Jun 04, 2013 at 20:03 | Source: CNBC-TV18
Phani Sekhar, fund manager at Angel Broking believes L&T Finance Holdings is a good stock to hold on. He expects at least 50 percent upside over the next 1-1.5 years.
Jun 03, 2013 at 16:47 | Source: Moneycontrol.com
RBI on Monday issued a series of clarifications against 443 queries sent by external parties in relation to guidelines for new banking licence issued on February 22, 2013. The central bank however, revised the validity period of the in-principal approval for setting up of the bank to 18 from 12 months earlier.
Mar 07, 2013 at 10:22 | Source: Moneycontrol.com
A prospective banking licence appears to be the latest watchword for Chennai-based Shriram Capital, the non-operating holding company of three group entities: Shriram Transport Finance (STF), Shriram City Union and Shriram General Insurance.
Mar 06, 2013 at 19:29 | Source: CNBC-TV18
In what can be a game changer for Anil Ambani's Reliance Group, sources say the group has begun ground work for applying for a banking license and is looking to set up its banking foray under the brand name.
Messages on Non Operating Financial Holding Company (nofhc) »

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Bank of India  

Source:The Hindu BusinessLine - The Reserve Bank of India issued clarifications to the New Bank Licences guidelines on June 3, 2013. They have not deterred (as expected) the establishment of a wholly-owned Non-Operative Financial Holding company (NOFHC), but given that several complex issues

11.19 AM Jun 24th 2013

meruens

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L&T Finance  

deadline to apply for the banking licence, the share sale would need to be executed over the next two weeks. According to the RBI guidelines, the applicant shall be eligible to set up a bank through a wholly owned non-operative financial holding company (NOFHC). The objective for the central bank

10.10 AM Jun 19th 2013

josekiss

Platinum Member

719 Followers

L&T Finance  

Q Corporates, PSUs and NBFCs can set up a bank. UQ IMHO Finance ministry and the government will not encourage the PSUs can float their bank through a wholly-owned non-operative financial holding company (NOFHC)?

7.32 PM Feb 23rd 2013

Abhis73

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L&T Finance  

BL guidelines issued by RBI.... 1. Minimum paid up equity capital at Rs. 500 crore 2. Non-operating financial holding company (NOFHC) shall initially hold a minimum of 40 per cent of the paid-up voting equity capital. 3. NOHFC holding of 40 per cent locked for 5 years 4. Holding to be brought down

5.33 PM Feb 22nd 2013

mbhatewara

Platinum Member

19 Followers

IFCI  

financial holding company (NOFHC) shall initially hold a minimum of 40 per cent of the paid-up voting equity capital. NOHFC holding of 40 per cent locked for 5 years Holding to be brought down to 15 per cent in 12 years Listing mandatory within three years Foreign shareholding not more than

5.31 PM Feb 22nd 2013

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