Who has given the organisation permission to begin conducting business as an NBFC to Piramal Enterprises?

Ministry of Corporate Affairs

Union Public Service Commission

Reserve Bank of India

Securities and Exchange Board of India

Correct Answer : Reserve Bank of India

The Reserve Bank of India(RBI) has allowed Ajay Piramal-led Piramal Enterprises Ltd (PEL) to start a Non-Banking Finance Company (NBFC) without accepting public deposits.

"We wish to now inform you that the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934, has granted Certificate of Registration to the company to commence the business of non-banking financial institution without accepting public deposits. The said license was received by the company today(27th July 2022) i.e. July 26, 2022," the company said in a regulatory filing.

Back in 2021, the company made an application to the RBI for an NBFC license..

Source : Times Now News

Published On : July 27, 2022

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Puducherry

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Where is the Kagyed Dance Festival, a significant Buddhist celebration, prominently held?

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