Manu Credits & Finance Private Limited

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 30 NBFCs listed in the release. The affected firms are no longer permitted to conduct non-banking financial institution business.

All 30 listed companies are prohibited from carrying on NBFC business going forward. This affects their ability to undertake non-banking financial activities and signals that they must cease such operations immediately; the restriction applies to the named entities only.

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