Vaishali Motor Finance Limited

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.

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.