On November 11, 2025, the Reserve Bank of India (RBI) issued a press release stating that it has cancelled the Certificate of Registration of two Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
The affected companies are:
1. **Jumbo Finvest (India) Limited**: Registered office at 102, Kanchan Apartment, Opp. L.B.S College, Tilak Nagar, Raja Park, Jaipur, Rajasthan-302004. CoR No.: B-10.00186, CoR Issued On: October 24, 2011, Cancellation Order Date: October 14, 2025.
2. **Champion Agro Finance Limited**: Registered office at A/1/301, Shree Apartment, Veraval Main Road, Veraval (Shapar), Kotda Sangani, Rajkot, Gujarat - 360024. CoR No.: 01.00252, CoR Issued On: August 02, 2010, Cancellation Order Date: October 15, 2025.
As a result of this cancellation, these companies are prohibited from conducting the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934.
The press release number is 2025-2026/1486 and was issued by (Brij Raj), Chief General Manager, Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. Phone: 022 - 2266 0502, Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India Act, 1934: Act under which the Reserve Bank of India cancelled the registration certificates of two NBFCs
Section 45-I: Section of the RBI Act defining Non-Banking Financial Institution, cited as relevant to the cancellation of registration.
Jumbo Finvest (India) Limited: One of the NBFCs whose Certificate of Registration was cancelled.
Champion Agro Finance Limited: One of the NBFCs whose Certificate of Registration was cancelled.
Section 45-IA (6): Section of the Reserve Bank of India Act, 1934 related to cancellation of Certificate 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
November 11, 2025
RBI cancels Certificate of Registration of 2 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section
45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of
Registration of the following companies.
Sr. Name of the Registered Office CoR Cancellation
CoR No.
No. Company Address Issued On Order Date
1 Jumbo Finvest 102, Kanchan B- 10.00186 October October 14,
(India) Limited Apartment, Opp. 24, 2011 2025
L.B.S College, Tilak
Nagar, Raja Park,
Jaipur, Rajasthan-
302004
2 Champion A/1/301, Shree 01.00252 August 02, October 15,
Agro Finance Apartment, Veraval 2010 2025
Limited Main Road, Veraval
(Shapar), Kotda
Sangani, Rajkot,
Gujarat - 360024
As such, the above companies shall not transact the business of a Non-Banking
Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
(Brij Raj)
Press Release: 2025-2026/1486 Chief General Manager