Bhagwan Instalments Limited

RBI cancelled the Certificate of Registration of 32 NBFCs. The affected companies are no longer permitted to conduct non-banking financial institution business.

All 32 named companies lose their CoR and cannot carry on NBFC business going forward. Customers, counterparties, and other stakeholders should not treat them as authorised to conduct non-banking financial institution activities after the cancellation date stated for each company.

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

This RBI action affected 32 entities. This profile is linked as bulk member.

RBI cancelled the CoR of 34 NBFCs. The action stops these companies from carrying on NBFC business.

All 34 listed companies must stop operating as NBFCs and cannot undertake non-banking financial institution business going forward. Customers and counterparties should treat them as no longer authorised for NBFC activity. The cancellation takes effect from the respective cancellation dates listed against each company.

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

This RBI action affected 34 entities. This profile is linked as bulk member.