The Reserve Bank of India has granted a registration certificate to Cheraman Financial Services Ltd to carry out the business of a non-banking finance company without accepting public deposits.The financial services of the company are limited to leasing and equity finance. The financial resources needed would be raised through share capital.The activities of the company are in compliance with the provisions of the RBI Act 1934, a statement issued here said.

Source : http://www.thehindubusinessline.com/industry-and-economy/banking/cheraman-financial-services-gets-rbi-nod-for-leasing-equity-finance/article5425036.ece

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