Deals11 Oct 2024, 12:32 am
SG Finserve Ltd Receives New CoR from Reserve Bank of India as NBFC Type II
AI Summary
SG Finserve Ltd has announced the receipt of a new Certificate of Registration (CoR) from the Reserve Bank of India (RBI). The CoR, issued on October 3, 2024, authorizes the company to operate as a Non-Banking Financial Company-Investment and Credit Company (Type II). This comes after the approval of the company's application by the RBI on August 6, 2024, for NBFC Type II. The new certification allows SG Finserve Ltd to conduct its business and operations in accordance with the applicable RBI regulations.
Key Highlights
- SG Finserve Ltd has received a new CoR from the Reserve Bank of India.
- The CoR authorizes the company to operate as an NBFC-Investment and Credit Company (Type II).
- The company's application for NBFC Type II was approved by the RBI on August 6, 2024.
- The new certification allows SG Finserve Ltd to conduct its business and operations as per RBI regulations.
- This development is a significant milestone for SG Finserve Ltd.