MoneyWorks4Me

First Leasing Company gets reclassified as Non-Deposit taking Company

19 Mar 2013 Evaluate

First Leasing Company of India has been reclassified as Non-Deposit taking Company (B category Company) by the Reserve Bank of India.

First Leasing Company of India is engaged in the business of leasing, hire purchase, loans and wind power generation. It focuses on providing hire purchase and leasing services mainly to the corporate sector. Its clients include Citibank, Johnson & Johnson and Volvo.

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