M/s Esteem Investments 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 Certificates of Registration of eight NBFCs. The action bars them from carrying on non-banking financial institution business.

The eight NBFCs can no longer carry on non-banking financial institution business. This is a complete regulatory shutdown of their NBFC activity, affecting their ability to conduct lending/financing operations as regulated entities and informing counterparties and customers that the firms may not operate in that licensed capacity.

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

This RBI action affected 8 entities. This profile is linked as bulk member.