RBI Cancellation of CoR of 22 NBFCs and One HFC

Cancellation of CoR of 22 NBFCs and One HFC

The following 22 Non-Banking Financial Companies (NBFCs) have surrendered
the Certificate of Registration (CoR) granted to them by the Reserve Bank of India
(RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the
Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

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 Reserve Bank of India Act, 1934. Further, the following Housing Finance Company has surrendered the CoR granted by National Housing Bank (NHB). The RBI, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has therefore cancelled the CoR.

As such, the above company shall neither transact the business of a Housing Finance
Institution nor of a Non-Banking Financial Institution as defined in National Housing Bank Act, 1987 and Reserve Bank of India Act, 1934, respectively.


(Yogesh Dayal)

Chief General Manager

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