Exercising powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, RBI has cancelled the certificate of registration (CoR) of 6 NBFC. 4 of these are based in Tamil Nadu – Thamiraparani Investments, Aramusk Infrastructure Investments, Viswapriya Finance and Matrix Financial Services.
Matrix Financial Services is based in MP while Well Fin Securities is based in MP. In addition, 3 NBFCs have ceased to be a legal entity due to amalgamation/ merger, dissolution, voluntary strike-off, etc, and their CoR has been cancelled.
2 are Mumbai based – Joindre Finance and Jasol Investment & Trading, S. M. Management is based in Assam. RBI has also cancelled CoR of 8 NBFCs as they have exited the NBFC business.
4 are Mumbai based – Hinduja Finance, Whitegold Holdings, Digikredit Finance and Rutgers Investment and Trading. 3 are Karnataka based – Ekagrata Finance, Ezcred and Lamina Leasing and Finance. The 8th one – Trident Microfin – is based in Telangana.