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RBI cancels Certificate of Registration of two NBFCs

The Reserve Bank of India (RBI), 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 (CoR) of the following two companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 Nedumpillil Financial Company Limited 41/3793, IInd Floor, Carmel Centre Building, Banerji Road, Kochi, Kerala- 682018 B-16.00124 September 25, 2002 November 17, 2022
2 Bhagwan Hire Purchase Limited Station Road, Ujhani, District Budaun, Uttar Pradesh - 243639 B-12.00176 September 12, 2008 November 29, 2022

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: 2022-2023/1361

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