Peerless Gets Fresh Rbi Registration

The Peerless General Finance & Investment Co Ltd (PGFI) has received a fresh registration from the Reserve Bank of India (RBI) which had stipulated that net-owned funds of residuary non-banking companies will have to be at least Rs 25 lakh.

The company has also entered into talks with Tata AIG for providing insurance services with the new products PGFI would launch.