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Non Operating Financial Holding Company (nofhc)

Aug 18, 2014 at 10:42 | Source: Moneycontrol.com
Orissa Minerals Development Company Ltd has informed that Shri D. N. Rao, Director (Operations), RINL Holding Company of OMDC, is hereby nominated as Non-Executive Director on the Board of OMDC.Executiv
Jun 28, 2014 at 17:14 | Source: PTI
IFC was holding talks with Magma Fincorp and Cholamandalam for subscribing to NCDs of these NBFCs, he said. "Microfinance institutions (MFIs) will also get benefit of this," Agarwal said.
Jun 11, 2014 at 17:37 | Source: CNBC-TV18
SP Tulsian of sptulsian.com feels that L&T Finance Holdings can touch Rs 88-92. He is positive on non-banking financial companies.
Apr 29, 2014 at 18:04 | Source: CNBC-TV18
IFCI expects both GNPA and NNPA to come down sequentially. The company CEO and MD is confident of a minimum 2 percent decrease in GNPAs in the next financial year.
Apr 29, 2014 at 13:30 | Source: CNBC-TV18
M&M Finance on the other hand has been a top pick for Espirito Santo. Santosh Singh of Espirito Santo believes that the country's rural economy is doing well and while there may be worries related to monsoons and such other concerns, on a longer duration basis the rural economy is doing well.
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).
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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

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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

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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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