RBI Cancels Registration of 10 NBFCs in West Bengal
Moneylife Digital Team 10 January 2025
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) based in West Bengal, citing supervisory concerns.  
 
The companies affected by this action include Adhay Equi Pref Pvt Ltd, Agarani Credit and Finvest Pvt Ltd, Amot Goods and Suppliers Pvt Ltd, Anchal Credit Capital Pvt Ltd, and Anika Tie-Up Pvt Ltd.
 
Anita Finvest Pvt Ltd, ANM Financial Services Ltd, Anuvrat Transport System Ltd, Apurva Finance Pvt Ltd and Arion Commercial Pvt Ltd are also impacted by this action.
 
This decision was made by the central bank under Section 45-IA (6) of the RBI Act, 1934, with the cancellation order issued on 7 January 2025. 
 
Following the cancellation of their registrations, these NBFCs are no longer permitted to operate as non-banking financial institutions. 
 
This decision is part of RBI's ongoing efforts to ensure compliance and maintain the stability of the financial system, the central bank says.
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