India, May 9 -- The Reserve Bank of India (RBI) has revoked the Certificates of Registration (CoR) of two financial entities, effectively barring them from carrying out their respective businesses.
In a notification issued under Section 45-IA (6) of the RBI Act, 1934, the central bank cancelled the registration of R.L. Investment and Finance Company Limited, located at 61/211, Canal Road, Kanpur, Uttar Pradesh – 208001. The company, which had been operating with CoR No. 12.00010 since February 21, 1998, is now prohibited from conducting any non-banking financial activities as defined under Section 45-I (a) of the Act. The cancellation order was dated April 8, 2025.
Separately, under Section 4(1)(e) of the Securitisation and Reconstr...