Raja Bahadur International Ltd.

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Raja Bahadur International Ltd.
j Bahadur International
 Raja                  i    Ltd.                                         ee
                                                                         PITTIE
 Regd. & Corporate Office :
 Hamam House, Ambalal Doshi Marg, Mumbai - 400 001, INDIA.
 Phone: 022-22654278 Fax : 022-22655210
 E-mail: rajabahadur@gmail.com
Website : www.rajabahadur.com
CIN        :L17120MH1926PLC001273

                                                                        Date: June 16, 2021

To
The Deputy Manager
(Listing - CRD)
BSE Limited
PJ Tower, Dalal Street,
Mumbai-400001

                                      Scrip code: 503127

DearSir,

Pursuant to the provisions of Regulation 47 (3) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the newspaperclippings regarding publication of Audited
Financial Results for the quarter and year ended March 31, 2021, published in Business
Standard (English) & Mumbai Lakshadweep (Marathi) on June 15, 2021 are enclosed.

Kindly take the sameon records.

Thanking you.

Yoursfaithfully,

For RAJA BAHADURINTERNATIONALLIMITED

Akash Joshi
CompanySecretary & Compliance Officer

Encl: As aforesaid
Raja Bahadur International Ltd.
6 ECONOMY& PUBLIC AFFAIRS                                                                                                                                                                                                                           MUMBAI | WEDNESDAY,16 JUNE 2021 Business Standard

OVL-led consortium asksIran for HDFC Bank’s app
                                                                                                                                                                                                                                                 faces outage again
          0%share in Farzad B discovery
JYOTI MUKUL                                          the   field     because            of     the                                                                                                etisation of the processed gas.
                                                                                                                                                                                                                                                 Issue resolved by bankin an hour
                                                                                                                                                                                                                                                 ‘SUBRATA PANDA                                 venience and thank you for your
NewDelhi, 15 June                                    (American)sanctions.”                                                                                                                             Accordingly, the development              Mumbai, 15June                                 patience.”
                                                        Hesaid the Iranian govern-                                                                                                                plan was revised forbringingLNG                                                                  Frequentoutageshad earlier pro-
  NGCVidesh, theflagship                             ment focused on strengthening                                                                                                                to India and an $11-billion propos-            ‘The mobile banking application of the         moted the RBI to prohibit the bank
O overseas oil and gas com-                          domestic companies amid the                                                                                                                  al was submitted by the Indian                 country’s largestprivate sectorlender,         fromrolling out any newdigitaloffer-
            panyofthe Indian govern-                 sanctions. “Various scenarios                                                                                                                consortium. However, the nego-                 HDFCBank,on Tuesdaysuffered an                 ings as well as any new credit cards.In
ment, hasasserted aminimum 30                        were examinedfor the develop-                                                                                                                tiation remained inconclusive                  outagefor an hour.                             a recent analyst call, Sashidhar
percentrightin Iran's Farzad B mentofthisfield to reducecosts                                                                                                                                     mainly dueto disagreementover                     ‘Thisis for multiple times that the         Jagdishan, managing director and
discovery. The companyhas writ- and supply its financial resources.                                                                                                                               gasprice.                                      mobile application andinternet bank-

                                                                                                                                                                                                                                                                                     ag
                                                                                                                                                                                                                                                                                                chief executive of the bank, hadsaid
ten to theIranian authority asking                   The implementation ofthis proj-                                                                                                                   Inearly 2020,Iraniansindicat-             ing of the lender, which is already            thelender continued to work with the
it to share the agreed technical                     ectis far harder than South Pars                                                                                                             ed their intention to develop the              under the Reserve Bank of India                 RBI to resolve the issue and at the
proposal and contractual terms,                      andits investmentfigure is dou-                                                                                                              field with a third party but did not           scrutiny for such outages, was                      same time build more robust
and conditions for development                       ble,” Zanganeshsaid.                                                                                                                         share the termsand conditions of               interrupted.                                           platforms.
so that an Indian consortium can                        In 2002, India bagged an                                                                                                                  the contractbeing discussed with                  On Tuesday, the bank put                                ‘Thefirst outage happened
evaluate and decide further par-                     exploration service contract (ESC)                                                                                                           the third party, though the Indian             out a statementfor its cus-                               in November2018, when the
ticipation in the project.                           of the Farsi Block, under which                                                                                                              consortiumreiteratedits interest               tomers saying,“We are experi-                             new mobile banking app
   Pars Oiland Gas Company and OVL hada 40percentequity and                                                                                                                                       to developthe field. Also due to               encing some issues on the                                 crashed dueto unprecedented
Petropars Company on May16 Indian Oil and Oil India had 40    After the exploration activities                                                        in 2011, but they remainedincon-            constrained geopolitical situa-                MobileBanking App. We are                              demand to download the new
had signed a contract for the percent and 20 percent each. and subsequent geological stud-                                                            clusive until 2012.                         tions,internationally reputed con-             lookingintothisonpriority and will                mobile app.In December2019,the
developmentof Farzad B field Farzad is one structure in the ies, the in-place gas volume was                                                             ‘Though India proposeda pro- sultants are unwilling to work on.                         updateshortly. Customersare request-           bank’s customers again faced an outage
worth $1.78billion for 28 million                    block.                                             estimated at22trillion cubic feet.            duction sharing contract, Iran Iranprojects.                                               ed to please use NetBanking to com-            with the mobile bank app. In
cubic metre a day ofsourgas pro-                        According to the Indian con-                    Anexploratory well was drilled in             introduced an Iran Petroleum                     For the Indian consortium,                plete their transactions. Regret the           Novemberlastyear, the bank faced an
ductionin five years. During the                     sortium, it has the option to be
                                                               2006-07in the FarzadB structure,                                                       Contract(IPC) in September2015.             getting equity investment,as well              inconveniencecaused.”                          outageatits data centre. In March, the
signing event,Iranian Oil Minister                             whichflowed sour gas with high Negotiations resumedafter the
                                                     part of the developmentcontract                                                                                                              as technology has become diffi-                   ‘The bank restored theservices with-        customers faced an outage in mobile
Bijan Zanganehsaid Indians were ofFarzad B, up toa minimum of hydrogensulfide and carbon diox- sanctions onIran werelifted in                                                                     cult due to the sanctions. Other               in an hour. In another statement, the          and net banking services. In the same
unwilling to cometo the project 30percentparticipatinginterest ide. Subsequently, negotiations to 2016 butthe Iraniansinstead pro-                                                                multinational companies, such as               bank said: “Please note the issues             month, there was another outage in
areas. “We negotiated with them -- which wasearlier confirmed by conclude a developmentservice posed the development of the Total and China National                                                                                             around mobile banking app is now               mobile and net banking services on
twice and even agreedthat they National Iranian Oil Company. contract was initiated after the Farzad gas field underan inte- Petroleum Corporation,also exit-                                                                                    resolved. Customers can now use                accountofa hardware componentfail-
donotbuild liquefied natural gas The Iraniansare yetto replytothe developmentplan was submitted grated contract covering edsimilar gas projectsin Iran due                                                                                       NetBanking and mobile banking app              ure in one of the bank’s database
(plant) but they refused to develop latest OVL letter.            to the Iraniansin 2009andlater upstream, downstream and mon- to stricter US sanctions.                                                                                         for transactions. Weregretthe incon-           servers.

            rs
                                                                                                                                                                                                         India confirmsfirst death
                           A                                                                                             eet
      Raja Bahadur International Ltd                                                                                     POE                  LIC HFC net
    Regd Office: 3rd Floor, Hamam House, Amblal Doshi Marg, Fort, Mumbal-400001                                  ——
    Tel: 022-22654278, Fax: 022- 22655210, Email: investor@rajabahadutcom / rajabahadur@gmailcom,

                                                                                                                                                                                                         after Covid-19 vaccination
    Exiract
        rect ofAuditedConsolidated
                   Auiad Consolidated FinancialResulfsfor
                                            Fieanala! Reauks for the the Quarter
                                                                           Guartey and and year ened
                                                                                                  ded 31stStat March,
                                                                                                                 Mavch, 2021
                                                                                                                         2021                 do W n 5 . 3%Oo at
                                                                                 ‘Quarter ended                     Year Ended
be                              Particulars                          H-0G2 3112-20 91-08-20 31-09-21 31-03-20
No.                                                                  (Audited) |(Un-audited)| (Audited) (Audited) (Audited)                   3989 crore
1 Total incomefrom operations (Net)                                      19180] 4i2707) 493201] 1008971] 566699                                                                                          68-year-old man
2 NetProfit/ (Loss) forthe period
      (before Tax, Exceptional and/orExtraordinary items)
                                                                       36870)|         22162] 436219) 30304) 325794                                j      i       ;     A
                                                                                                                                              Toraise equity ca pital vila
                                                                                                                                                                                                         was administered                                 Infections in age groups same
3     Net Profit/ (Loss) for the period before tax
  (atter Exceptional and/orExtraordinary items)
4 Net Profit/ (Loss) for the period aftertax
                                                                       (368.70)

                                                                         97928]
                                                                                          22162}

                                                                                          21927)
                                                                                                       436219}

                                                                                                       434316]
                                                                                                                         39304]

                                                                                                                        173325]
                                                                                                                                    3257.94

                                                                                                                                    3201.87
                                                                                                                                              preferential issue to LIC                                  Covishield on Mar 8
                                                                                                                                                                                                                                                          insecond waveasfirst: Govt
      (after Exceptional and/or Extraordinary items)                                                                                          ‘ABHUJIT LELE                                              ‘SOHINI DAS & RUCHIKA CHITRAVANSHI
                                                                                                                                                                                                         MumbailNew Delhi, 15 June
                                                                                                                                                                                                                                                          The numberof Covid infections
                                                                                                                                                                                                                                                          across various age groups in the
                                                                                                                                                                                                                                                                                                   AGE BREAK-UP OF
5 Total Comprehensive Incomeforthe period
   [Comprising Profit/ (Loss)forthe period (aftertax) and
                                                                         99267)           21938]       434534)          173326]     3222.98   Mumbai, 15 June
                                                                                                                                                                                                                                                          first and second wave have               THOSE INFECTED nx
   Other Comprehensive Income(after tax)]                                                                                                     LIC Housing FinanceLtd’s netprofit fell                    India confirmedthefirst death relat-             remained almost the same, the                           Firstwave
fs Equity Share Capital                                                  25000}           25000}         25000]          25000]      25000)   by 5.33percent to%398.9 crore in the fourth                ed to Covid-19 vaccination in the                health ministry data showed.                              Jul1to
7_| Reserves (excluding Revaluation Reserve)                                     -                -              =|      61936 (1,11390)}     quarter ended March 2021 (Q4FY21). Ithad                   report on causality assessment of                Infections amongchildren in the          Age group        Dec31
      as per Balance Sheet                                                                                                                    posteda netprofit of 421.43 crore in the                   adverse events following immunisa-               age group1-10 were little over 3         1-10                3.28
8. Earnings PerShare (of €100/- each)                                                                                                         quarter ended March 2020 (Q4FY21).                         tion (AEFI).                                     percentin both the waves. There
      (for continuing and discontinued operations)                                                                                                Forthe full FY21, the netprofit rose 13.8                 ‘The death of a 68-year old man               is, however,a slight increase in         11-20               8.03
      Basic                                                                                                              69330|     128919]   per cent to %2,734.3 crore from %2,401.8                   whoreceived a Covishield shot on                 the number of youngpeopleget-            21-30               2.21
      Diluted:                                                                                                           69330|     128919]   crore in FY20.                                             March8 anddied due to anaphylaxis                ting infections in the second wave
                             KEY FINANCIAL HIGHLIGHTS OF STANDALONE AUDITED FINANCIAL RESULTS                                                     ‘Theboard ofdirectors has recommend-                   (severeallergic reaction)was classi-             and a small dip in the numberof          31-40              u.B
                                                                                     ‘Quarter ended                        Year Ended         ed a dividend of 425 per cent (%8.5 per                    fied as ‘vaccine product-related reac-           cases reported among those               41-50              1730
se.                            Particulars                            31-03-21         31-12-20       31-03-20        31-03-21    31-03-20    share of 22 each)for FY21, LIC HFCsaid in                  tion’   by the        National       AEFI        above 50 years. Almost 23 per cent       51-60              15.06
No.                                                                   (Aucited) |(Un-audited)| (Audited) (Audited) (Audited)                                                  its filing with BSE.       Committee.                                       of infections were in the age group
1     Total incomefrom operations (Net)                                   19179 412707) 493201] 1008970] 586699                                                                   The directors             Inareport released on June 4, the             31-40in the second waveagainst           61-70               914
2     Profit/ (Loss)before tax                                          @61.14)|      23443] 437295) 42224) 28957                                                             also approved a            health ministry said ofthe 31 causally           21 percentin thefirst wave.              71-80               3.70
3     Profit/ (Loss)aftertax                                            100285]       316i] 435986) 177828] 3260.13                                                           proposalto issue           assessed cases, 18 wereclassified as                 “Those whoare notaffected            81-90               0.94
4     Total Comprehensive Income/(loss) (aftertax)                      100625]       23157] 436210] 1778.19) 326121                                                          454 million equi-          havinginconsistent causal associa-               yetarestill susceptible to the virus
 Note: a. The aboveis an extract of the detailed format of financial Results for the quarter and year ended on 31st March, 2021, filed                                        ty shares(of face          tion to vaccination (coincidental —              and need to take utmost precau-          Above 90             on
 with Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format                                          value of %2 each)          not linked to vaccination), seven                tion,”said Lav Agarwal,joint sec-        Source: Health Ministry
 of the quarterly financialresus (standalone and consolidated)are available on the Stock Exchange websites at www.bseindia.com                                        to its promoter                    were classified as indeterminate,                retary, health ministry, said.
 and on the Company's website www.rajabahadur.com                                                                                                                     Life Insurance                     threecases were foundto be vaccine                   While the delta variant detect-      ernmentis keeping an eye ona
 b.The impact on netprofit / (loss), total comprehensive income orany other relevant financial item(s)due to change(s) in accounting                                  Corporation of                     product-related, one was anxiety-                edfirst in India is considered to        new Deltaplus variant that has
 Policies shall be disclosed by means of a footnote.                                For Raja BahadurInternational Limited                     India (LIC) at a price to be determined                    related reaction and two cases were              havecaused the surge in numbers          emerged in Europe.
                                                                                                       Sd/-                                   according to Sebi regulations.                             foundto be unclassifiable.                       duringthe second wave,the gov-                               RUCHIKA CHITRAVANSHI
                                                                                                      Shridhar Phitis                             These shareswill be issued on prefer-                      “According to data in the first
                                                                                         ManagingDirector - DIN: 00562400                     ential basis via private placement to LIC                  weekofApril 2021, the reporting rate
                                                                                                                                              whosestake is expectedtorise to 48.49 per                  is 2.7 deaths per million vaccine dos-             All28 deathswereof people who          cines have performed very well on
                                                                                                                                              centafter issuance from the present40.31                   es administered and 4.8 hospitaliza-            were administered the Covishield          thesafety parameter,” Lav Agarwal,
                                                                                                                                              percent.                                                   tions per million vaccine doses                 vaccine. Twoadverseevents follow-         joint secretary, health ministry said.
                                                            NOTICE                                                                               Goingbytheclosingprice of 521.7 per                     administered. Mere reporting of                 ing Covaxin wereofhospitalizations           Over 260 million vaccines have
                                                                                                                                              share on BSE, LIC could infuse over 2,300                  deaths and hospitalisationsas seri-             —one22-year-old man had anaphy-           been administered in the country so

                                                     Dl iife
                                                                                                                                              crore in Housing Finance company, ana-                     ous adverse events does not auto-               laxis and another 26-year-old man         far, accordingto atweetbythe Union
                                                                                                                                              lysts said.                                                matically imply that the events were            had syncope(temporary loss ofcon-         health ministry.
                                                                                                                                                  Y Viswanatha Gowd, managingdirec-                      caused dueto vaccines,” the health              sciousness). The AEFI Committee
                                                                                                                                              tor and chief executive, LIC HFL said the                  ministry report said.                           concluded that the syncope was an         80% doses were via walk-ins
                                                                                                                                              capital infusion is expected to help to meet                  ‘AEFlis defined as “any untoward             “immunisation anxiety related reac-       Nearly80 percentof248 million dos-
                                                     Saruthe kejiyo!                                                                          capital adequacy norm,support business                     medical occurrence which follows                tion”. The ministry said the number       es recorded on CoWINtill June 13
                                                                                                                                              growth andalso reduce leverage which                       immunization and which does not                 of deaths reportedfollowing Covid-        were administered through walk-in
                                          HDFCLife Insurance Company Limited                                                                  stands above10 times.Thecapital adequa-                    necessarily have a causal relationship          19 vaccinationin the country is only      registration, the ministry said. Ofthe
                                               CIN: L65110MH2000PLC128245,                                                                    cyis close to 15 percent.                                  with the usageofthe vaccine.It can              0.0002percent of 23.5 crore doses         total 283 million registered on Co-
                 Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M.Joshi Marg,                                             The net interest incomein the report-                  be any unfavourableor unintended                administered, which is within the         WINas on June13, almost 58 per cent
                                             Mahalaxmi, Mumbai 400 011                                                                        ing quarter rose by 33 per centto U,505                    sign, abnormallaboratoryfinding,                expected death rates in a population.     were registered on-site, the govern-
                                       Ph: 022-67516666,Fax: 022-67516861,                                                                    crore from %1,134 crore in Q4FY21. Net                     symptomordisease”.                              “The488 deaths that are accounted.        mentdata showed. The ministry also
                                                                                                                                              interest margin for the quarter improved                       Ofthe 31 serious adverse events,            for are not due to vaccination. They      said the vaccinationpermillion pop-
                          Email: investor service@hdfclife.com,Website: www.hdfclife.com                                                      to 2.66 percentas against2.17 per centfor                  28 weredeaths andthree cases were               could be because of many factors or       ulationin tribaldistricts was higher
                                                                                                                                              Q4FY20.                                                    hospitalized andrecovered.                      underlying co-morbidity. Our vac-         than the nationalaverage.
       Information on deduction ofTax at Source on Final Dividend for FY 2020-21
    1) Members may note that the Board of Directors at their meeting held on Monday, April 26, 2021, have
       recommended a final Dividend of & 2.02 per equity share of face value of € 10/- eachfor FY 2020-21,
       subject to approval ofthe shareholders at the 21st AnnualGeneral Meeting (‘AGM") to be held on
       Monday,July 19, 2021.Thefinal dividendwill be paid to the members holding sharesof the Company
       as on the Record Date i.e. Thursday, July 1, 2021, for determiningtheeligibility of members for
                                                                                                                                              Deregulation ofratesforNBFC-MFIs
       paymentoffinal dividend
    2) The dividend incomeis taxable in the hands of the members, and thus the Companyis required to
       deduct Tax at Source ("TDS") from the final dividend to be paid to the members as per the rates
                                                                                                                                              may lead to expansion ofmarket
       prescribed in the Income-Tax Act, 1961 ("IT Act”). To enable the Companyto apply the correct TDS                                       ‘SUBRATA PANDA & ABHIJIT LELE             A SNAPSHOTOF THE MICROFINANCE SECTOR                                           Hence,the RBIbelievesthat           near term,but rates charged by
       rates, members are requestedto furnish prescribed documentationonthe website of Registrar and                                          Mumbai, 15 June
                                                                                                                                                                                                                          No. of
                                                                                                                                                                                                                                                                     NBFC-MFIs, like any other             banks may come downslightly.
       Transfer Agent ("RTA’) i.e. KFin Technologies Private Ltd, at https://ris.kfintech.com/form15/de-                                                                                                                                                             NBEC,should be guided by a       Thatthe RBI has asked mar-
                                                                                                                                              The Reserve Bank ofIndia’s                lending                     ‘Active Loans       Deling                       board-approvedpolicy and the ket participants to prepare a
       fault.aspx or e-mail signed scan copies of the documents to einward.ris@kfintech.com on or before                                      (RBI's) proposaltolift the inter-         Institutions                     (inmn) 30+ days 60+days 90-+days            fair practices code, whereby fact sheetto be given to borrow-
       Thursday,July 1, 2021. A detailed communication alongwith thelist of documentsin this regard, was                                      est cap on non-banking finan-             Banks                             36.74        6.04       O74       0.6      disclosure and transparency ers, a board-approved policy on
       separately sent to the members via email, whose e-mail IDs were registered with the DPs/RTAand the                                     cial company-microfinance                                                                                                                                    pricing will be subject to RBI
       sameis also madeavailable on the website of the Company at https://www.hdfclife.com/about-us/In-                                       institutions (NBFC-MFIs)will
                                                                                                                                                                                        NBFCS-MEFls                       %B    42                16       125,      would be ensured. There will
                                                                                                                                                                                                                                                                     be noceiling prescribedfor the        review, ensureinstitutions are
       vestor-Relations.                                                                                                                      ensurethereis no arbitrage for            SFBs                              2034-279                0.61     0.26      interest rate. However, while         kept undercheck, and thereis
    3) Members(in casethey are resident shareholders) are requested to note thatin casetheir Permanent                                        certain marketparticipants in             NBFCS                             858 204                 1.05     035°      doing so they must ensure that        greater transparency in the
                                                                                                                                              the sector. The market mecha-                                                                                          usuriousinterest rates are not        rates they are charging.
                                                                                                                                              nism will, eventually, crys- Non-profit MFis                                  105138076                      .55
       Account Number("PAN") is not registered or PANis invalid or PANis notlinked with Aadhaar, or where
       resident shareholder has not complied with provisions of Section 206AB oftheIT Act, the tax will be
       deducted at a higherrate of 20%. Those members holding sharesin dematerialized form and whose                                          tallise the interest rate range
                                                                                                                                              within whichall players will
                                                                                                                                                                                        indy                                        oo
                                                                                                                                                                                                                                     Source: Rl
                                                                                                                                                                                                                                                                     charged.
                                                                                                                                                                                                                                                                        “Theintentionis to enable
                                                                                                                                                                                                                                                                                                              Chandra Shekhar Ghosh,
                                                                                                                                                                                                                                                                                                           MD & CEO, Bandhan Bank,
                                                                                                                                                                                                                                                                     the market mechanismto bring said, “The proposal to move
       PAN is notregistered are requested to contacttheir respective Depository Participants(’                                          and   function, observed experts.                                                                                            the lending rates downwards towardsa market-driveninter-
       members holding sharesin physical form are requested to send e-mail to einward.ris@kfintech.com.                                           It will also lead to higher                                                                                        for the entire microfinancesec- estrate, whichwill depend on
       Members are also requested to intimate changes,if any, pertaining to their name, postal address,                                       coverage because the deregu- changesin the current regula- per cent of the household                                   tor,” said the RBI.                   thecostof funds(i.e., ifthe cost
+=

       email Id, mobile number, PAN, mandates, nomination, powerof attorney andbank details(including                                         lation of interest rates for             tions to address the over-             income.                                   Nitin Chugh, managing              offundincreases,the rates can
       nameof the bank andbranch details, bank account number, MICR code, IFSC code), etc. to their respec-                                   NBFC-MFIswill allow them the             indebtedness of microfinance                 Although the current cap on      director (MD)andchief execu-          increase and vice versa), is a
       tive DPsin case the shares are held in dematerialized form, and to RTA in case the shares are held in                                  flexibility to ventureinto areas         borrowers and enable a sce-            interestrateis for NBFC-MFIs,          tiveofficer (CEO), Ujjivan Small good moveas it offersflexibili-
                                                                                                                                              whereaccesstocredit has sofar            nario whereinterest rates can          constituting 30 per cent of the        Finance Bank, said,         “The      ty.” Interest-rate caps are not a
       physical form by writing to einward.ris@kfintech.com,                                                                                  beenlimited dueto operational            be brought down.                       market, it has been observed           revised normswill give a lot goodpolicy choice andvarious
       No communication on the tax determination/ deduction shall be entertained post working hours on                                        costs attachedtoit. With no cap              In thepaper, the RBI has that banks with lowercost of                     more headroom to NBFC-MFIs            global studies have proven this,
       Thursday,July 1, 2021.                                                                                                                 onpricing, these lenders can             proposed a debt-incomeratio  funds- in comparisonto micro-                    thatwill benefit from the dereg-      said     Alok      Misra,   CEO,
                                                                                                                                              afford to take the risk, which           cap wherein loans should be finance lenders - have kept ulationofinterest rate cap. The Microfinance                                     Institutions
                                                                              For HDFC Life Insurance CompanyLimited                          they earlier shied awayfrom.             extended to microfinance bor- their rates aroundtheceiling market will expand, help to Network.
                                                                                                                                                 Eleven years after the                rowers in a way that payment           meant     for    NBFC-MFIs.            reach out to many more people,           Among NBFC-MFIs, the
                                                                                                                     Sd/-                     Malegam Committee report,                ofinterest and repayment of            Moreover,the large NBFC-MFIs           andresult in a higher cover-          best ones lend at 19 per cent
                                                                                                       Narendra Gangan                        which was thebasis for the  principalfor all outstanding have not rationalised their age.” Experts are of the view and banksgo up to 24 percent.
    Date:June 15,2021                                                           General Counsel, Chief ComplianceOfficer                      microfinanceregulation, the loansof the household at any lending rates, despite achieving that rates may not change
    Place: Mumbai                                                                                   & CompanySecretary                        RBI has decided to bring in pointin time do notcross 50 economiesofscale.                 muchontheoveralllevelin the Moreonbusiness-standard.com
Raja Bahadur International Ltd.
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2 were Bret                                        80(9)(st) dar ae agar Quart da ong AM, warefter sree dearer} qua,                                       ara oat Bart Frat Haast oe                     dated 20.01.1997 executed between MR. aaa aa maeaT a SY,SH APRN TA ae aT SAAT
                                                   23 FF, 2029 doh oerfiean earsw sige wer aoe ae                                                                                                         PRAKASH KRISHANAJI MULYE & MR a
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sraeist enh                                        4, 34 are, 2024 att sear auferReer Saar tha sree;                                                                                                      JAgreement For Sale dated 07.05.1998 se ain endia age aPTTaaTaad art gal seem at ae fear care fades az
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fra ie waa aie                                     2. 39 arf, 2029 tel eiadean ferret a aufenRtar Searaherat Parte Pea;                                                                                   LAXMAN GHODKE & SHRI. RAMAKANT| ari, fami (u.), Yag—voooe9 2a ee Ha aA
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                                                                                                                                                           Pacfarar-a save 83 qa Boar Bet oe              original agreements by wayof sale, exchange, fern: wiftrerett                                  sare niger ey
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