Indiabulls Commercial Credit (ICCL) has received the no objection letter (NOC) from the Reserve Bank of India (RBI) for the proposed change in its name to “Sammaan Finance”.

ICCL is now in the process of getting the necessary approvals from the office of Registrar of Companies, NCT of Delhi and Haryana.

Indiabulls Housing Finance has already received the NOC from RBI for proposed change in its name to “Sammaan Capital”, subject to the conversion of its Certificate of Registration (CoR) to non-banking financial company - investment and credit company (NBFC - ICC) from housing finance company (HFC).

The Company has already filed the application for such conversion of CoR with RBI. The approval from shareholders to the proposed change in its name is already in place.