Non Operating Financial Holding Company (nofhc)

Dec 08, 2014 at 22:43 | Source:
Rico Auto Industries at its meeting held on December 08, 2014 has decided to incorporate a subsidiary as Core Investment Company as part of its financial structuring for the purpose of holding investments in the group companies and carrying out other non banking finance Company business.
Nov 28, 2014 at 14:52 | Source:
Shares in non-banking finance companies (NBFCs) gained ground Friday after the Raghuram Rajan-led Reserve Bank of India (RBI) last evening issued final guidelines for allowing the set up of payment banks and small finance banks in the country.
Nov 11, 2014 at 09:14 | Source: CNBC-TV18
Nischint Chawathe, senior analyst at Kotak Institutional Equities feels the revised RBI guidelines for NBFCs is better than expected. In fact, he expects NBFC stocks to react positively to the RBI announcement.
Sep 27, 2014 at 10:53 | Source:
Trinetra Cement has informed that pending approval of the Scheme of Amalgamation between Trinetra Cement and Trishul Concrete Products with India Cements and their respective shareholders by the Madras High Court, the Company has applied and got extension up to Dec 31, 2014 for holding the AGM for financial year ended March 31, 2014.
Sep 23, 2014 at 10:27 | Source: CNBC-TV18
The non-banking financial company has no plans to raise further money in near-term, says Vikram Limaye after IDFC raised Rs 1,000 crore recently.
Aug 18, 2014 at 10:42 | Source:
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 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.
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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


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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


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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


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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


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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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