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Money & Banking - NBFCs
JRG Fin gets nod for NBFC ops

Kochi, March 28

JRG Fincorp, a joint venture company formed between JRG Securities and Baring India Ltd, has received all regulatory approvals from the Reserve Bank of India to begin NBFC operations in the country. The new company has been formed to fund the securities and commodities business. JRG officials said that the new company would help JRG substantially in boosting the company's future revenue and expansion plans.

In a press statement, the Managing Director of JRG Securities, Mr Regi Jacob, said that the NBFC plans to raise funds to the tune of Rs 50 crore from financial institutions and banks for further expansion. - Our Bureau

More Stories on : NBFCs | RBI & Other Central Banks

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Stories in this Section
Aurangabad Jalna, Thane gramin banks amalgamated


Rupee firms up
JRG Fin gets nod for NBFC ops
LIC policy digitalisation by June
‘Employees entitled to more when banks make more profits’
SBH to open 50 more branches
Syndicate Bank plans more branches
HSBC Bank to hire 3,500 this year
Bond prices plunge
‘Vibrant corporate bond market must for growth’
Govt issues Rs 9,297 cr oil bonds
Madurai’s Annual Credit Plan
Call rates move up
Sundaram BNP Paribas, Central Bank tie up
E-platform for corporate debt trading launched
Corporation Bank's new facility


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