New Launch26 Mar 2025, 11:43 pm
EL CID Investments Subsidiaries Apply for NBFC Registration as Type-I NBFC-ND
AI Summary
EL CID Investments Ltd. has announced that its material subsidiaries, 'Murahar Investments and Trading Company Limited' and 'Suptaswar Investments and Trading Company Limited', have applied for registration as Non-Banking Financial Companies (NBFC) of Type-I NBFC-ND with the Reserve Bank of India. This development was made public via a letter dated March 26, 2025.
Key Highlights
- EL CID Investments' subsidiaries have applied for NBFC registration
- The subsidiaries have applied for Type-I NBFC-ND registration
- The application has been submitted to the Reserve Bank of India
- This development is a part of the banking and financial sector expansion
- EL CID Investments Ltd. has made a public announcement regarding this matter