RBI cancels Certificate of Registration of Four NBFCs
Case Brief
The Reserve Bank of India has cancelled the Certificate of Registration of four NBFCs under Section 45-IA(6) of the RBI Act, 1934. The affected entities are Nimisha Finance India Private Limited, R.M.B. Finance Company Limited, Suyash Finovest Pvt Ltd, and Kamdhar Leasing and Finance Limited. Following cancellation, these companies are not permitted to transact the business of a Non-Banking Financial Institution as defined under Section 45-I(a) of the RBI Act.
The Reserve Bank of India cancelled the Certificate of Registration of four companies: Nimisha Finance India Private Limited, R.M.B. Finance Company Limited, Suyash Finovest Pvt Ltd, and Kamdhar Leasing and Finance Limited. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, and the companies are barred from transacting the business of a Non-Banking Financial Institution under Section 45-I(a).
Severity Assessment
Cancellation of a Certificate of Registration is a severity 5 licensing action.
The four companies must cease NBFC საქმიან operations and cannot legally continue non-banking financial institution business. Customers and counterparties dealing with them as NBFCs are affected by the loss of regulatory permission; the order is effective from the respective cancellation dates stated in the release.
Published as R.M.B. Finance Company Limited
Published as Kamdhar Leasing and Finance Limited
Published as Nimisha Finance India Private Limited
Published as Suyash Finovest Pvt Ltd
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector