RBI has relinquished the COR of over fifteen NBFCs. Twenty have opted to abandon their licenses voluntarily. Companies like this can no longer operate as non-banking financial companies.
RBI (Reserve Bank of India) has again taken severe action, cancelling the license. All seventeen non-banking financial companies had their registration certificates revoked simultaneously. Twenty NBFCs have independently relinquished their CoR for various reasons.
West Bengal is home to every bank with its license revoked. These financial institutions will be barred from acting as NBFCs or engaging in any other type of business. Two Maharashtra NBFCs have turned over the CoR to RBI because they are leaving the banking industry. Concurrently, twenty NBFCs have relinquished the CoR due to various events such as amalgamation, merger, dissolution, voluntary strike-off, etc.
These businesses have had their licenses revoked.
The following companies are based in Kolkata: Zayn Financial Service Private Limited, Namokar Consultant Private Limited, Salasarji Merchant Private Limited, Outrem Estates Private Limited, PK Mercantile Private Limited, Panorama Financial Private Limited, Prasant Impex Private Limited, Ramuka Commercial Private Limited, Pretius Merchant Private Limited, Howrah Castle Fincon Private Limited, Kishoreray Trading Holding Private Limited, Gamba Commerce Private Limited, Itamari Commerce Private Limited, Howrah, Divya Dealers, Kolkata, Preference Technologies Private Limited, and ITC Marketing Private Limited.
Companies IDFC, Reliance, and Birla relinquished their licenses.
Reliance Commercial Finance Limited (Mumbai, Maharashtra) and Manov Investment Private Limited (Mumbai, Maharashtra) have relinquished their certificates of registration (COR) upon leaving the non-banking financial institution industry. Several companies have relinquished their certificates of registration, including CRB Agency Private Limited of West Bengal, Agarwal Iron and Steel Company Limited, Akashganga Suppliers Private Limited, and Brain Trust Securities Private Limited. Not only that, but IDFC Limited and IDFC Financial Holding Company Limited, both situated in Chennai, have also relinquished their certificates of recommendation. Also relinquished were the registration certificates for Birla TMT Holdings Private Limited and Birla Family Investment Private Limited, both of Mumbai.
