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Athena Financial Services Limited

NBFCMumbai, Maharashtra

The RBI action, regulatory basis, and operating impact linked to this entity.

Recorded RBI impact

License cancellation

License cancellation · Fresh imposition

S5

Published by RBI

13 Oct 2025

Case Brief

The Reserve Bank of India cancelled the Certificate of Registration of 21 companies under Section 45-IA(6) of the RBI Act, 1934. The release lists each affected company and notes that they shall not transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act, 1934. This is a licence cancellation affecting multiple NBFCs, with the practical consequence that the entities lose their authorization to carry on NBFC business.

Why RBI Acted

Licensing breach

The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 21 named companies. The order states that, as a result, these companies shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.

Operating Impact

All 21 named companies are barred from undertaking NBFC business going forward. Customers, counterparties, and any parties dealing with these entities should treat them as no longer authorized to operate as non-banking financial institutions. The order is effective on the stated cancellation dates in September 2025 for the respective companies.

Regulatory Basis

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

Action Facts

Primary Impact
License cancellation
Order Date
5 Sept 2025
Effective From
5 Sept 2025
Entities Affected
21
Entity Role
Bulk Member
Entity Type
NBFC

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