15 NBFCs Relinquish Registration as RBI Tightens Regulations

Fifteen NBFCs, including Tata Capital and Revolving Investments, have surrendered their RBI registrations due to mergers or exiting the business. Nine NBFCs have ceased operations due to amalgamation or dissolution, while six have surrendered registrations after exiting the NBFI business.

The Reserve Bank of India (RBI) on Friday said 15 NBFCs, including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration due to various reasons.

Nine Non-Banking Financial Companies (NBFC) have ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off.

These are Tata Capital Financial Services, Tata Cleantech Capital, Naperol Investments, USG Financial Services, Urja Capital, Vandana Dealers, ABRN Finance, Jodhani Management, and JDS Securities.

The RBI further said six NBFCs surrendered their certificate of registration after exiting from Non-Banking Financial Institution (NBFI) business.

These were Vian Growth Capital, Drap Leasing and Finance, Jewel Strips, Revolving Investments, Anshu Leasing, and A V B Finance. The certificates of registration were granted to them by the RBI.

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