Shree Om Finvest Limited

RBI cancelled the CoR of 19 NBFCs, preventing them from carrying on NBFC business.

The affected companies cannot continue or begin NBFC business after the cancellation of their CoR. This directly affects the 19 entities named in the release and any customers/counterparties relying on their NBFC operations.

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

This RBI action affected 19 entities. This profile is linked as bulk member.

RBI cancelled the CoR of 33 NBFCs across several cities and states. The companies can no longer transact as non-banking financial institutions.

All 33 affected companies must stop NBFC business operations with effect from the stated cancellation dates. Customers, counterparties, and borrowers dealing with these firms can no longer rely on them for regulated non-banking financial services after cancellation.

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

This RBI action affected 33 entities. This profile is linked as bulk member.