Alpine Finlease Limited

RBI restored the CoR of two NBFCs after Appellate Authority/Court orders. The companies must continue complying with RBI Act and reporting requirements.

The two NBFCs can resume operating with restored registration status, subject to ongoing compliance with the RBI Act, 1934, RBI guidelines/directions, and reporting obligations. No monetary penalty is imposed in this release, and the action is a restoration rather than a new restriction.

• RBI Act, 1934

This RBI action affected 2 entities. This profile is linked as bulk member.

RBI cancelled the CoR of 30 NBFCs. The companies can no longer carry on NBFC business.

All 30 affected companies are barred from carrying on NBFC business going forward. Any lending or other non-banking financial activity that depended on their CoR is prohibited, affecting their ability to operate as regulated NBFCs.

• Section 45-IA (6) of the Reserve Bank of India Act, 1934
• Section 45-I of the RBI Act, 1934

This RBI action affected 30 entities. This profile is linked as bulk member.