يحاول ذهب - حر
Jio Financial now focuses on investments after RBI nod for CIC status
July 13, 2024
|The Business Guardian
Jio Financial Services has secured approval from the Reserve Bank of India (RBI) to transition from a NonBanking Financial Company (NBFC) to a Core Investment Company (CIC), as announced in an official statement on Thursday.
-
The company confirmed, “Further to the disclosure dated November 21, 2023, the Company has today received from the Reserve Bank of India approval for conversion of the Company from NonBanking Financial Company to Core Investment Company.”
A Core Investment Company, defined by the RBI, is a specialized NBFC with a minimum asset size of Rs 100 crore. According to RBI guidelines outlined in a circular dated December 20, 2016, a CIC primarily focuses on acquiring shares and securities, subject to specific conditions.
One critical condition stipulated by the central bank mandates that a CIC must hold not less than 90 percent of its net assets in the form of investments in equity shares, preference shares, bonds, debentures, or loans in group companies.
هذه القصة من طبعة July 13, 2024 من The Business Guardian.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Business Guardian
The Business Guardian
Except F&O, STT rates remain same for others: Income Tax Dept
As the Union Finance Minister Nirmala Sitharaman on Sunday proposed a significant hike in Securities Transaction Tax (STT) on futures and options trades, the Income Tax Department issued a clarification on the hike in Securities Transaction Tax (STT) on futures and options trades and said, “Except futures and options (F&O), STT rates remain same for others.”
1 mins
February 02, 2026
The Business Guardian
This is a Budget without economic strategy: P Chidambaram
Former Finance Minister and senior Congress leader, P Chidambaram on Sunday took a swipe at the BJP-led government at the Centre over the Union Budget 2026-27, asserting that this a Budget without \"economic strategy and without economic statesmanship\".
2 mins
February 02, 2026
The Business Guardian
EDUCATION AS INFRASTRUCTURE: READING THE 2026-27 BUDGET'S STRATEGIC SHIFT
The Union Budget for education in FY 2026-27 allocates Rs 1.39 lakh crore, up from Rs 1.28 lakh crore in the previous year.
3 mins
February 02, 2026
The Business Guardian
The Second time struggle: Rising reality of secondary infertility
There's a quiet heartbreak that many couples carry — one that often goes unspoken, unnoticed, and untreated.
2 mins
February 02, 2026
The Business Guardian
Wipro GE Healthcare unveils SIGNAT™ Prime Elite -- a Made in India, AI powered breakthrough in MR imaging
Wipro GE Healthcare, a leading global medical technology, diagnostics, and digital solutions innovator, today announced the launch of SIGNAT™ Prime Elite, its latest MR imaging system, at the Indian Radiological and Imaging Association (IRIA) 2026 Annual Conference in Hyderabad.
2 mins
February 02, 2026
The Business Guardian
Easier Than Pie: Managing Your Personal Loan Online
Have you ever pondered how life used to be, where every major financial decision meant hours in a bank, battling paperwork, and sipping that dreaded 'chai' in tiny disposable cups?
1 mins
February 02, 2026
The Business Guardian
Budget 2026: Sitharaman allocates Rs 10000 crore to make India biopharma hub
Finance Minister Nirmala Sitharaman has proposed to push India’s biopharma sector under a Bio Pharma Shakti programme with an allocation of Rs 10000 crore for the next 5 years.
1 mins
February 02, 2026
The Business Guardian
CATHERINE O'HARA'S DEATH SPARKS QUESTIONS ABOUT RARE 'RIGHT-SIDED HEART' CONDITION
Recent reports and widespread online speculation around Hollywood icon Catherine O'Hara have drawn public attention to a rare congenital condition known as dextrocardia with situs inversus, a medical anomaly the Schitt's Creek star had previously spoken about openly.
2 mins
February 02, 2026
The Business Guardian
Bison is powerful film: Film producer Aditi Anand riding high on success of her Tamil Film
Film producer Aditi Anand who heads Little Red Car Films is basking in the glory of the success of her Tamil film Bison.
1 mins
February 02, 2026
The Business Guardian
K J SOMAIYA INSTITUTE OF MANAGEMENT RECOGNISED BY CSRI FOR ADVANCING INDIA'S SPORTS EDUCATION ECOSYSTEM
K J Somaiya Institute of Management (KJSIM), one of Mumbai's leading private B-schools, has been conferred the “Best Management Institute Supporting Sports Ecosystem & Development” award by the Confederation of Sports and Recreation Industry (CSRI).
2 mins
February 02, 2026
Listen
Translate
Change font size