Motika Finance Limited

RBI cancelled the Certificate of Registration of 32 NBFCs. The affected companies are no longer permitted to conduct non-banking financial institution business.

All 32 named companies lose their CoR and cannot carry on NBFC business going forward. Customers, counterparties, and other stakeholders should not treat them as authorised to conduct non-banking financial institution activities after the cancellation date stated for each company.

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

This RBI action affected 32 entities. This profile is linked as bulk member.

RBI cancelled the CoR of 32 NBFCs named in the release. The entities can no longer carry on NBFC business.

All 32 named companies are barred from carrying on NBFC business going forward. This affects their ability to undertake non-banking financial institution activities and requires them to cease such operations immediately from the cancellation date stated for each company.

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

This RBI action affected 32 entities. This profile is linked as bulk member.