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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 document (279 kb)
Date : May 26, 2023
RBI cancels Certificate of Registration of one NBFC

The Reserve Bank of India, 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 of the following company.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 New Link Overseas Finance Limited Mamatta Complex, II Floor, 13, Whites Road, Royapettah, Madras, Tamilnadu - 600014 07-00309 June 01, 2007 May 26, 2023

As such, the above company 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: 2023-2024/290


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