Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
22 Sept 2025
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Datta Finance and Trading Private Limited, an NBFC, under Section 45-IA(6) of the RBI Act, 1934. The release title attributes the action to irregular lending practices. As a result, the entity can no longer operate as an NBFC under the cancelled registration.
Why RBI Acted
The Reserve Bank exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration issued to Datta Finance and Trading Private Limited, a non-banking financial company. The release title states the cancellation was due to irregular lending practices.
Operating Impact
Datta Finance and Trading Private Limited loses its NBFC registration and cannot continue business as a registered NBFC. Any lending or other NBFC activity would need to stop unless otherwise permitted under law, and counterparties should treat the firm as no longer registered.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC