Regulating Non-Banking

Reserve Bank cancels Certificate of Registration of Datta Finance and Trading Private Limited due to irregular lending practices

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC): Name/ details of the NBFC Name of the service provider (mobile app) Datta Finance and Trading Private Limited Registered Office Address: K-1/82 Chittaranjan Park, South Delhi, New Delhi, Delhi, India, 110019 CoR No.: B-14.01007 dated March 29, 2000 1. KinCash app & DoLoan app - Zest Top One Technology Private Limited 2. ZestCash app – the company’s in-house app

In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC): Name/ details of the NBFC Name of the service provider (mobile app) Datta Finance and Trading Private Limited Registered Office Address: K-1/82 Chittaranjan Park, South Delhi, New Delhi, Delhi, India, 110019 CoR No.: B-14.01007 dated March 29, 2000 1. KinCash app & DoLoan app - Zest Top One Technology Private Limited 2. ZestCash app – the company’s in-house app

Reserve Bank cancels Certificate of Registration of Datta Finance and Trading Private Limited due to irregular lending practices