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Non Operating Financial Holding Company (nofhc)

Apr 05, 2016 at 19:47 | Source: CNBC-TV18
SP Tulsian of sptulsian.com shared his views on non-banking financial companies (NBFCs) that one could look at investing in during this correction
Mar 10, 2016 at 08:00 | Source: PTI
The three other firms are Mumbai-based Financial Services Private Limited Bhageriya Financial and Capital Services Limited of Hyderabad and Kenny Commercial & Investment Pvt. Ltd belonging to Jammu.
Feb 22, 2016 at 21:16 | Source: PTI
The Reserve Bank can cancel a certificate of registration granted to a non-banking financial institution on various grounds including when a company ceases to carry on the business of an NBFC in India.
Nov 19, 2015 at 21:03 | Source: PTI
As per RBI guidelines, the NOFHC are required to be wholly owned by the promoter or promoter group to run the bank.
Nov 06, 2015 at 08:08 | Source: Reuters
Tata, which posted a surprise 22 percent rise in second-quarter net profit after selling some non-essential holdings, is trying to revive its struggling British operation and has cut thousands of jobs since buying Anglo-Dutch Corus in 2007.
Sep 04, 2015 at 11:28 | Source: Moneycontrol.com
Nissan Copper has informed that the Board of Directors of the Company at its meeting held on September 03, 2015, considered extension of time by three months for holding the 26th AGM of the members of the Company for the financial year ended March 31, 2015 and applied for the said extension to the Registrar of Companies, Ahmedabad, Gujarat.
May 08, 2015 at 19:39 | Source: PTI
The company plans to raise Rs 170 crore through redeemable Non-Convertible Debentures, usage of which hasn't been revealed.
Apr 28, 2015 at 16:45 | Source: CNBC-TV18
Devang Mehta of Anand Rathi Financial Services is of the view that one may prefer non-banking financial companies.
Apr 23, 2015 at 12:35 | Source: Moneycontrol.com
Nischint Chawathe of Kotak Institutional Equities expects the housing finance companies from the NBFC space to out perform others.
Dec 08, 2014 at 22:43 | Source: Moneycontrol.com
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.
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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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854 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

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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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