India, May 9 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of four Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licenses. The cancellations were made under the powers vested in the RBI through Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Three of the companies surrendered their CoRs following their decision to exit the NBFC business. These include Sicom Investments & Finance Limited, based in Mumbai, whose CoR (No. N-13.01842) issued on September 8, 2006, was cancelled on April 4, 2025; Pioneer Holdings Private Limited, also based in Mumbai, whose registration (No. N-13.01654) dated January 6, 2003, was cancelled on April 24, 2025; and Chennai-based ...