**Executive Summary**
This press release, dated October 13, 2025, announces the Reserve Bank of India's (RBI) cancellation of the Certificate of Registration (CoR) for 13 Non-Banking Financial Companies (NBFCs) and 1 Housing Finance Company (HFC). The cancellations are due to the companies exiting the NBFI business, meeting criteria for unregistered Core Investment Companies, or ceasing to be legal entities. All cancellations are effective in September 2025.
**Key Points / Main Content**
* **General Information:**
* RBI has cancelled the CoR of 13 NBFCs and 1 HFC.
* The cancellations are based on powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934/Section 29A of National Housing Bank Act, 1987.
* **Cancellation due to exit from NBFI business:**
* CoRs cancelled for: Pankaj Services Limited, Rightfi Capital Private Limited, Balbros Leasing and Investments Private Ltd., Yodlee Finsoft Private Limited, Ramsons Projects Limited, Triplerank Marketing Pvt Ltd.
* Cancellation dates range from September 2, 2025 to September 17, 2025.
* **Cancellation due to meeting criteria for unregistered Core Investment Company (CIC):**
* CoR cancelled for: Bachhraj and Company Private Limited.
* Cancellation date: September 15, 2025.
* **Cancellation due to ceasing to be a legal entity:**
* CoRs cancelled for: Samunnati Agri Value Chain Solutions Private Limited, Manoj Mercantile Credit Pvt Ltd, Srajan Capital Limited, Mokha Vyapaar Pvt Ltd, Padma Estates Pvt. Ltd., Intellectual Securities Private Limited, APAC Housing Finance Private Limited.
* Cancellation dates range from September 3, 2025 to September 18, 2025.
**Impact Analysis**
**Impact**
* The affected NBFCs and HFCs are no longer authorized to operate as such under their previously held registrations.
**Action Required**
* The entities must cease Non-Banking Financial Institution activities immediately.
Key Entities Referenced
Reserve Bank of India (RBI): Regulatory body for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) in India, responsible for granting and cancelling Certificates of Registration (CoR).
Certificate of Registration (CoR): The license/permission granted by the Reserve Bank of India (RBI) to Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to operate, which is being surrendered/cancelled.
Non-Banking Financial Company (NBFC): Financial institution that provides banking services without meeting the legal definition of a bank.
Housing Finance Company (HFC): A company that is primarily involved in providing finance for housing.
Reserve Bank of India Act, 1934: The legislation that empowers the Reserve Bank of India (RBI) to regulate financial institutions and grant/cancel Certificates of Registration.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 13, 2025
13 NBFCs and 1 HFC surrender their Certificate of Registration to RBI
The following 13 Non-Banking Financial Companies (NBFC) and 1 Housing
Finance Company (HFC) have surrendered the Certificate of Registration (CoR)
granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers
conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934/
Section 29A of National Housing Bank Act, 1987, has therefore cancelled their CoR.
i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI)
business
Sr. Name of the Registered Office CoR No. CoR Date of
No. Company Address Issued Cancellation of
on CoR
1 Pankaj 3/14, Pal Mohan B- June 04, September 02, 2025
Services Apartment North 14.00934 1998
Limited West Avenue, Punjabi
Bagh West, New
Delhi, New Delhi -
110026
2 Rightfi Capital Indiqube - Sigma, A N- January September 04, 2025
Private Limited Wing, 3rd Floor 3/B 02.00375 27, 2025
Kormangala Industrial
Layout, Bangalore,
Karnataka - 560034
3 Balbros G-4, Pushpanjali 14.00287 March 06, September 11, 2025
Leasing and Farm, Shahi Rasta, 1998
Investments Khasra No 194/3,
Private Ltd. Village Bijwasan, New
Delhi, Delhi - 110061
4 Yodlee Finsoft Novel Office Center, N- June 02, September 16, 2025
Private Limited No. 8/2, Ulsoor Road, 02.00346 2022
Sivan Chetty
Gardens, Bangalore,
Karnataka - 560042
5 Ramsons 201, Empire 14.00774 May 15, September 17, 2025
Projects Apartments, First 1998
Limited Floor, Sultanpur,
Gadaipur, South West
Delhi, New Delhi,
Delhi - 1100302
6 Triplerank Plot No. 53-A/8 Rama B- March 14, September 17, 2025
Marketing Pvt Road, Industrial Area, 14.03248 2012
Ltd West Delhi, New
Delhi, Delhi - 110015
ii) Cancellation of CoR due to meeting the criteria prescribed for unregistered
Core Investment Company (CIC) that do not require registration
Sr. Name of the Registered Office CoR No. CoR Date of
No. Company Address Issued cancellation
on of CoR
1 Bachhraj and Bajaj Bhawan, 2nd B- March September
Company Private Floor, 226, Narman 13.00287 06,1998 15, 2025
Limited Point, Mumbai,
Maharashtra, 400021
iii) Cancellation of CoR due to the company ceasing to be a legal entity due to
amalgamation/ merger/dissolution/ voluntary strike-off, etc.
Sr. Name Of The Registered Office CoR No. CoR Date Of
No. Company Address Issued On Cancellation
Of Cor
1 Samunnati Agri Baid Hi Tech Park, 8th N-07.00815 February September
Value Chain Floor, No 129 B, East 25, 2016 03, 2025
Solutions Coast Road,
Private Limited Thiruvanmiyur,
(also known as Chennai, Tamil Nadu -
Samunnati 600 041
Financial
Intermediation
and Services
Private
Limited)
2 Manoj 88 Burtolla Street, 5.02741 July 30, September
Mercantile Kolkata, West Bengal, 1998 04, 2025
Credit Pvt Ltd 700007
3 Srajan Capital CP Tower-1 IPIA Road B-06.00624 July 31, September
Limited No-1 Kota Rajasthan, 2020 10, 2025
Kota, Rajasthan, India,
324005
4 Mokha 1, Crooked Lane 2nd B.05.05091 June 29, September
Vyapaar Pvt Floor, Room No -210, 2004 12, 2025
Ltd Kolkata, West Bengal -
700069
5 Padma Estates 277, B. B. Ganguly 05.02970 September September
Pvt. Ltd. Street, Room No. 306, 28, 1998 12, 2025
3rd Floor, Kolkata,
West Bengal -700012
6 Intellectual 277, B.B. Ganguly N-05.06788 February September
Securities Street, 3rd Floor, 11, 2009 12, 2025
Private Limited Room No-306,
Bowbazar, Kolkata,
West Bengal - 7000123
7 APAC Housing Office no. 501, 5th 05.0169.18 May 03, September
Finance Floor, South Annexe 2018 18, 2025
Private Limited Tower 2, One World
Center, Senapati
Bapat Road, Lower
Parel, Mumbai,
Maharashtra - 400013
(Brij Raj)
Press Release: 2025-2026/1301 Chief General Manager