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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 (297 kb)
Date : Nov 10, 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 of the following two companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date
1 Grihastha Finance Limited Shivpuri, Near Dhrampur High School, Tajpur Road, Samastipur, Bihar - 848101 A-15.00049 May 08, 2002 October 10, 2022
2 Pawan Motor and General Finance Private Limited Office No. S-6, Second Floor, B-46, Sector-63, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201301 B-12.00355 October 23, 2001 October 31, 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: 2022-2023/1177


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