Carbo Industrial Holdings Ltd

RBI cancelled the Certificates of Registration of 31 NBFCs. The affected companies can no longer operate as non-banking financial institutions.

The 31 affected companies are barred from continuing NBFC business and must stop transacting as non-banking financial institutions. This directly affects the companies themselves and any counterparties relying on their lending or finance activities.

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

This RBI action affected 31 entities. This profile is linked as bulk member.

RBI cancelled the CoR of 31 NBFCs named in the release. The entities can no longer operate as non-banking financial institutions.

All 31 named companies lose their RBI registration and must stop carrying on NBFC business. Customers, counterparties, and other stakeholders should not treat them as authorised non-banking financial institutions going forward. The restriction is effective from the respective cancellation dates listed in the release.

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

This RBI action affected 31 entities. This profile is linked as bulk member.