Valluvanadu Nidhi Limited

Valluvanadu Nidhi Limited is a public Limited company to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance by receiving long and short term deposits and lend, grant loans to them as are allowed by law for Nidhi or Mutual Benefits Companies. A Nidhi company, is one that belongs to the non-banking Finance sector and is recognised under section 620A of the Companies Act, 1956. The core banking of a Nidhi Company is borrowing and lending money among its members within the parameters laid by the regulating authorities, Reserve Bank of India and Ministry of Corporate Affairs. The statutory regulations plays an important role in securing the interests of each shareholder/member.