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


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Date : Jun 12, 2025
RBI cancels Certificate of Registration of Six 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 company.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 Wofin Leasing and Finance Private Limited 7 Ganesh Chandra Avenue, PS: Bowbazar, Kolkata, West Bengal 700013 B-05.06747 March 13, 2008 May 16, 2025
2 Outram Properties Pvt Ltd 23A, NS Road, 10th Floor, Kolkata, West Bengal 700001 05.03224 September 09, 1999 May 16, 2025
3 SCM Holding Private Limited 11/1A Sarojini Naidu Sarani, Lowdon Street, Kolkata, West Bengal 700017 05.03245 September 24, 1999 May 16, 2025
4 Kalash Vyapaar Private Limited 75C, Park Street, 3rd Floor, Kolkata, West Bengal, 700016 N.05.06592 December 30, 2005 May 16, 2025
5 Everest Vinimay Private Limited 3A, Garstin Place, 6th Floor, Kolkata, West Bengal, 700001 N.05.06604 February 06, 2006 May 16, 2025
6 Adhikar Microfinance Private Limited Plot No-77/180/970, Subudhipur, Tomando, Bhubaneswar, Orissa - 752054 04.00021 October 22, 2013 May 20, 2025

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.

(Puneet Pancholy)  
Chief General Manager

Press Release: 2025-2026/529

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