RBI Cancels registration certificate of Vulcan Leasing and Investments Limited, Bangalore as `surrendered'
Case Brief
The Reserve Bank of India cancelled, as surrendered, the registration certificate of Vulcan Leasing and Investments Limited, Bangalore, for carrying on business as a non-banking financial institution. RBI said the company had opted to exit the NBFC business, and the cancellation was made under Section 45-1A(6) of the RBI Act, 1934. The release also notes that the company has been prohibited from acceptance of deposits from the public under Section 45MB(1).
RBI cancelled the registration certificate of Vulcan Leasing and Investments Limited as surrendered, after the company opted to exit from the business of a non-banking financial institution. The cancellation was made under Section 45-1A(6) of the RBI Act, 1934. The release also states that the company has been prohibited from accepting deposits from the public under Section 45MB(1).
Severity Assessment
Cancellation of an NBFC registration certificate is a full licence cancellation, which maps to severity 5; the accompanying deposit-acceptance prohibition reinforces the adverse operational impact.
Vulcan Leasing and Investments Limited can no longer operate as an NBFC under the cancelled registration certificate, and it is prohibited from accepting deposits from the public. The action affects the company directly and limits its ability to take on public funds going forward.
Published as Vulcan Leasing and Investments Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector