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.


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Date : Jan 07, 2021
RBI cancels Certificate of Registration of Three 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 Office Address CoR No. CoR Issued On Cancellation Order Date
1 Abhinav Hire Purchase Limited Station Road, Ujhani, Budaun, Uttar Pradesh – 243639 A-12.00384 June 20, 2008 November 17, 2020
2 Jupiter Management Services Private Limited 1324, J – Block, Palam Vihar, Gurgaon, Haryana – 124001 B-05.04082 March 13, 2001 December 15, 2020
3 N. E. Leasing and Finance Private Limited Chaliha Nagar, Tinsukia, Assam - 786125 B.08.00135 November 23, 2000 December 29, 2020

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: 2020-2021/902


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