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REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release


PDF - RBI cancels Certificate of Registration of two NBFCs ()
Date : Dec 13, 2022
RBI cancels Certificate of Registration of two NBFCs

The Reserve Bank of India (RBI), in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) of the following two companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 Nedumpillil Financial Company Limited 41/3793, IInd Floor, Carmel Centre Building, Banerji Road, Kochi, Kerala- 682018 B-16.00124 September 25, 2002 November 17, 2022
2 Bhagwan Hire Purchase Limited Station Road, Ujhani, District Budaun, Uttar Pradesh - 243639 B-12.00176 September 12, 2008 November 29, 2022

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1361

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