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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 Kundles Motor Finance Private Limited C-41, Kumar Kuter, Near Pancham Diagnosis Centre, Prem Nagar, Bareilly, Uttar Pradesh - 243001 B-12.00454 June 09, 2016 March 12, 2024
2 Nithya Finance Limited "Nithiya Nilayam", 132, Palani Road, S.V. Mills Road, Udumalpet, Coimbatore, Tamil Nadu - 642128 B-07.00639 October 14, 2003 March 14, 2024
3 Bhatia Hire Purchase Pvt Ltd V-378, Ganpati Enclave, Bathinda, Punjab - 151001 B-06.00283 June 28, 2000 March 19, 2024
4 Jiwanjyoti Deposits and Advances Limited Jiwan Jyoti Shopping Complex, Near Petrol Pump, Mehre-Barsar, Teh. Barsar, Hamirpur, Himachal Pradesh – 174313 B-06.00490 August 29, 2018 March 21, 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: 2024-2025/53

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