India, Aug. 14 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licences. The action was taken under Section 45-IA (6) of the RBI Act, 1934.
Six NBFCs exited the non-banking financial business, leading to the cancellation of their CoRs:
Poonawalla Investments and Industries Private Limited (Pune, Maharashtra) – cancelled on July 9, 2025
Zenith Securities and Investment Limited (Mumbai, Maharashtra) – July 17, 2025
Kansal Fincap Limited (New Delhi) – July 23, 2025
The Swastik Safe Deposit and Investments Ltd (Mumbai, Maharashtra) – July 24, 2025
Satram Leasing and Finance Limited (Kanpur,...