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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 (276 kb)
Date : Mar 11, 2024
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 Nimisha Finance India Private Limited B 1/7, Sector 1, Jankipuram Extension, Lucknow, Uttar Pradesh – 226021 B-12.00291 March 29, 2001 February 08, 2024
2 R.M.B. Finance Company Limited Rajni Complex, 3rd Floor, Khagaul Road, Mithapur, Patna Sadar, Bihar - 800001 B-15.00036 November 08, 2001 February 14, 2024
3 Suyash Finovest Pvt Ltd Dewandighi, Mirzapur, Bardhaman, Kolkata, West Bengal - 713102 B.05-03680 November 24, 2000 February 28, 2024
4 Kamdhar Leasing and Finance Limited 424, 4th Floor, City Centre, The Mall, Kanpur, Uttar Pradesh - 208004 B-12.00366 November 28, 2001 February 29, 2024

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: 2023-2024/2035


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