Deals11 Jun 2025, 06:11 pm
Northern Arc Capital Ltd Receives RBI Approval for Factoring Business
AI Summary
Northern Arc Capital Ltd has announced that it has received approval from the Reserve Bank of India (RBI) to commence and carry on the factoring business. This approval is a significant step for the company, allowing it to expand its service offerings and reach a wider customer base. The company's registered office is located at 10th Floor, Phase-l, IIT-Madras Research Park, Kanagam Village, Taramani, Chennai - 600 113, India. The approval is valid and there is no withdrawal, cancellation, or suspension of this license by the RBI.
Key Highlights
- Northern Arc Capital Ltd has received approval from the Reserve Bank of India (RBI) to commence and carry on the factoring business.
- This approval is a significant step for the company, allowing it to expand its service offerings and reach a wider customer base.
- The company's registered office is located at 10th Floor, Phase-l, IIT-Madras Research Park, Kanagam Village, Taramani, Chennai - 600 113, India.
- The approval is valid and there is no withdrawal, cancellation, or suspension of this license by the RBI.