New Launch21 Aug 2025, 02:52 pm
Morarka Finance Ltd Receives RBI Approval for NBFC-Type-I Conversion
AI Summary
Morarka Finance Ltd has received approval from the Reserve Bank of India (RBI) to convert its registration status from Non-Banking Financial Company (NBFC) - Type-II to NBFC - Type-I. The approval was granted via the Pravaah portal on August 21, 2025. The revised Certificate of Registration (CoR) will be issued by RBI in due course. This change does not have a material impact on the company's operations or financials.
Key Highlights
- Morarka Finance Ltd has received approval from the RBI to convert its NBFC-Type-II status to NBFC-Type-I
- The approval was granted on August 21, 2025, via the Pravaah portal
- The revised Certificate of Registration (CoR) will be issued by RBI in due course
- This change does not have a material impact on the company's operations or financials
- Morarka Finance Ltd remains committed to maintaining compliance with applicable rules and regulations