The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 Non-Banking Financial Companies (NBFCs) under the powers conferred by Section 45-IA (6) of the RBI Act, 1934.
The cancellations, effective from February 6, 2025, prohibit these companies from conducting any NBFC-related activities as defined under Section 45-I (a) of the Act.
The affected companies, all based in West Bengal, are:
Doyen Vyapaar Private Limited, Gaja Fincorp Private Limited, Torrent Merchandise Pvt Ltd, Lokpriya Trade & Agency Pvt Ltd, Ranisati Merchandise Pvt Ltd, Mahima Commercial Company Pvt Ltd, Yoyoma Trading Pvt. Ltd., Veshnawy Vyapaar Pvt Ltd, Easey Credit Pvt Ltd and Raikot Finance and Investment Pvt Ltd.
The RBI's decision reflects its ongoing efforts to regulate the financial sector and ensure compliance with regulatory norms.