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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 (321 kb)
Date : Jul 13, 2023
RBI cancels Certificate of Registration of 4 NBFCs

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 companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 Nanma Chits and Financiers Limited Door No: XVII/265, 1st Floor, Keralapuram Buildings, Sreenivasa Ayyar Road, Kottayam, Kerala – 686 001 B-16.00064 July 14, 2003 June 14, 2023
2 Chidrupi Financial Services Limited Survey No. 62 63 64 and 65, Jeedimetla Village, Quthbullapur Mandal, Rangareddy, Telangana - 500067 09.00024 March 02, 1998 June 16, 2023
3 Goldline Financial Services Ltd. Door No. 8-2-293/82/F/D/20, Road No. 16, Film Nagar, Jubilee Hills, Hyderabad, Telangana - 500033 09.00170 April 29, 1998 June 16, 2023
4 Kailash Auto Finance Limited 15, Rolland Complex, 2nd Floor, 37/17, The Mall, Kanpur, Uttar Pradesh – 208001 B-12.00129 January 12, 2009 June 19, 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: 2023-2024/592


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