Crescent Leasing Private Limited

RBI cancelled the Certificates of Registration of 150 NBFCs. The affected companies can no longer transact as Non-Banking Financial Institutions.

All 150 listed companies lose their CoR and must stop carrying on NBFC business. The order directly affects the companies named in the release and prevents them from operating as Non-Banking Financial Institutions going forward.

• 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 150 entities. This profile is linked as bulk member.

RBI cancelled the Certificate of Registration of 32 NBFCs. The affected companies can no longer transact NBFC business.

All 32 named companies must cease NBFC activity and cannot legally carry on business as non-banking financial institutions. Customers and counterparties dealing with these firms should expect that NBFC services are no longer permitted after the cancellation date.

• 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 32 entities. This profile is linked as bulk member.