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 - RBI cancels Certificate of Registration of four NBFCs ()
Date : Jul 12, 2022
RBI cancels Certificate of Registration of four 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 Kanva Shree Credit Private Limited
(formerly known as MCI Leasing Private Limited) 		No. 361, 2nd Floor, 19th Main Adj. to Diacon Hospital, Rajajinagar 1st Block, Bengaluru, Karnataka– 560 010. B-02.00156 April 05, 2017 June 08, 2022
2 Williamson Magor & Co. Ltd. 4, Mangoe Lane, Kolkata, West Bengal- 700001 N-05.05534 March 31, 2003 June 29, 2022
3 Galaxy Capital Finance Limited 19/X – 1 Krishna Puram, Kanpur, Uttar Pradesh – 208007 12.00069 March 02, 1998 June 29, 2022
4 SRS Finance Limited SRS Multiplex, Mezzanine Floor, City Centre, Sector-12, Faridabad, Haryana- 121007 N-14.03202 December 31, 2009 June 29, 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: 2022-2023/522

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