In December 2025, Aryaman Finance (India) Limited (AFIL), wholly-owned subsidiary of Aryaman Financial Services Limited (AFSL), received a Certificate of Registration (CoR) from the Reserve Bank of India (RBI) to start the business of a Non-Banking Financial Company (NBFC).
- What? AFIL Received CoR from RBI
- For: To operate as NBFC
- Category: Type-II NBFC-ND-ICC
- Functions: Engages in lending, investment, and other financial services.
Key Details:
Regulatory Authority: The RBI issues NBFC registration (CoR) under Section 45‑IA of the Reserve Bank of India Act, 1934.
Category: Following this approval, AFIL will function as Type-II NBFC-ND-ICC (Non-Deposit taking -Investment and Credit Company).
Functions: This category of NBFC primarily engages in lending, investment, and other financial services, adhering to RBI regulations and compliance requirements for non-banking financial companies.
AFSL: It is a Securities and Exchange Board of India (SEBI) registered-Category-I merchant banker engaged in the business of lead management and syndication of Initial Public Offering (IPO), FPOs, Rights Issues, Private Investment in Public Equity (PIPE), Venture Capital (VC) funding and others forms of fund raising.
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