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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 : Apr 05, 2024
Five NBFCs surrender their Certificate of Registration to RBI

The following five Non-Banking Financial Companies (NBFC) 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.

i) Due to exit from Non-Banking Financial Institution (NBFI) business:

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR
1 Growing Opportunity Finance (India) Private Limited No. 13, 6th Cross Street, Collectorate Colony, Aminjikarai, Anna Nagar, Nungambakkam, Chennai, Tamil Nadu - 600029 N-07.00757 April 17, 2015 March 06, 2024
2 Invel Commercial Pvt. Ltd. 46, Jamunalal Bajaj Street, Ground Floor, Burra Bazar, Kolkata, West Bengal - 700007 05.01788 April 30, 1998 March 08, 2024
3 Mohan Finance Ltd 4PB, Mani Towers, 31/41, Binova Bhave Road, Kolkata, West Bengal - 700038 05.00400 February 26, 1998 March 19, 2024
4 Saraswati Properties Limited 13, Civil Lines, Bareilly, Uttar Pradesh - 243005 B-12.00287 March 29, 2001 March 20, 2024
5 Quicker Marketing Pvt Ltd Villa 112, Villa Greens, Gandipet, K.V.Rangareddy, Rajendra Nagar, Telangana 500075 B-09.00435 September 29, 2010 March 20, 2024

(Yogesh Dayal)     
Chief General Manager

Press Release: 2024-2025/52