Breaking News

You are here » Indian-Commodity  :  Top News  :  RBI renews Karnavati Finance's FFMC Licence

22-Nov2017

RBI renews Karnavati Finance's FFMC Licence

The Reserve Bank of India has renewed the licence of Karnavati Finance dated November 13, 2017 for carrying on the activities of Full Fledged Money Changing (FFMC Licence) for a period of three years with effect from November 13, 2017.

Karnavati Finance is engaged primarily in the business of providing loans as per the requirement of customers and they are both secured and unsecured finance. It is mainly involved in business loan and personal loan.



Related News

View all news

Jeera futures trade lower on weak demand

Jeera futures traded lower on NCDEX tracking weakness in spot demand as new season jeera is expected to hit the market soon. However, a decline in crop in Gujarat due to lower acreage, capped some losses.The......

Cardamom futures trade tad higher on firm demand

Cardamom futures traded marginally higher on MCX, due to widening of bets amid firm demand from domestic and export markets. Moreover, decline in output this season fuelled  the demand.The contract......

Physical Rubber prices witness firmness on Thursday

Physical Rubber prices showed firmness on Thursday due to improved demand from domestic stockists amid the ongoing supply crunch in the market. Further, moderate gains in global trendsetter too supported......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......