SMC launched Online Complaint Redressal System and RBI makes it easier for NBFCs to sell their loans


SMC launched Online Complaint Redressal System and RBI makes it easier for NBFCs to sell their loans
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Saturday, December 1, 2018
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Dear all,

Your association SIMA is forwarding herewith newspaper cutting appeared in Local Newspaper Asli Azadi and Times of India dated 30/11/2018.

Asli Azadi Newspaper

Silvassa Municipal Council has initiated Online Complaint Redressal System in Silvassa for the first time

As per the news, your association is pleased to inform that, Silvassa Municipal Council has launched Online Complaint Redressal System on 29/11/2018 for early resolve of the complaints in SMC areas. Now citizen can submit their complaint online at www.smcdnh.in.

To read the full article PLEASE CLICK HERE.

Times of India

RBI makes it easier for NBFCs to sell their loans

In a move to improve liquidity for Non-Banking Finance Companies (NBFCs) the RBI has given relaxation to the NBFCs.  Finance company now can sell their long term loans after receipt of six monthly installments or two quarterly installments, subject to the lender retaining 20% of the book value of the loans being securitized.

To read the full article PLEASE CLICK HERE.

This is for your kind information.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi,
Secretary


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