**Executive Summary**
This press release, dated October 13, 2025, from the Reserve Bank of India (RBI), announces the cancellation of the Certificate of Registration for 21 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the Reserve Bank of India Act, 1934. All cancellation orders are effective on either September 05, 18, or 29, 2025, depending on the company. As a result of the cancellation, the companies are prohibited from conducting business as Non-Banking Financial Institutions.
**Key Points / Main Content**
* **Cancellation of Registration:** The RBI has cancelled the Certificate of Registration for 21 NBFCs.
* **Legal Basis:** The cancellation is executed under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
* **Prohibition of Business:** The listed companies are prohibited from transacting the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
* **Effective Dates:** Cancellation dates vary by company, with some cancellations effective from September 5, September 18, or September 29, 2025.
* **List of Companies:** The press release contains a table that details the 21 NBFCs, including their names, registered addresses, Certificate of Registration (CoR) numbers, CoR issuance dates, and cancellation order dates.
**Impact Analysis**
**Impact:** These companies can no longer operate as NBFCs.
**Action Required:** The companies must cease conducting business as Non-Banking Financial Institutions.
**Impact:** Any individuals or organizations dealing with the listed NBFCs.
**Action Required:** Individuals and organizations should be aware that these companies are no longer authorized to conduct business as Non-Banking Financial Institutions and should adjust their dealings accordingly.
**Impact:** The RBI and other regulatory bodies
**Action Required:** The RBI and other regulatory bodies need to update their records to reflect the cancellation of the certificates of registration.
Key Entities Referenced
Reserve Bank of India Act, 1934: The Act under which the Reserve Bank of India derived the power to cancel the Certificate of Registration of the listed NBFCs. Section 45-IA (6) is specifically cited.
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector, including NBFCs and the institution that cancelled the Certificates of Registration of the listed NBFCs.
Certificate of Registration: The document that allowed the listed companies to operate as Non-Banking Financial Companies (NBFCs), now cancelled.
Section 45-I of the RBI Act, 1934: Defines what constitutes a Non-Banking Financial Institution.
NBFCs: The type of financial institutions whose Certificates of Registration were cancelled by the RBI, preventing them from operating as Non-Banking Financial Institutions.
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
RBI cancels Certificate of Registration of 21 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 No. CoR Cancellation
No. Company Address Issued On Order Date
1 Anand Private 4th Floor, Magnet 13.00313 March 09, September
Limited House, Dougall Road, 1998 05, 2025
Ballard Estate, Fort,
Mumbai, Maharashtra –
400038
2 Anand Corporate Magnet House, 4th 13.00310 March 09, September
Holdings Private Floor, N M Marg, 1998 05, 2025
Limited Ballard Estate, Mumbai
– 400038
3 Athena Financial 4704, Pune-Mumbai 13.00013 September September
Services Limited. Road, Pimpri Chowk, 22, 2000 05, 2025
Pimpri, Pune,
Maharashtra – 411018
4 Barter Leasing Amrut Villa, 29- Modi 13.01552 February September
And Finance Pvt Street, Fort, Mumbai, 08, 2002 05, 2025
Ltd Maharashtra, 400001
5 Dimples Cine Park Avenue 16/29th 13.00682 April 20, September
Advertising Road Junction, Near 1998 18, 2025
Private Limited Pali Naka, Bandra
(also known as West, Mumbai -
Dimples Leasing 400050)
& Finance Ltd)
6 Diwan Sons Nooruddin Chambers, 13.01558 February September
Holding & First Floor, Devji 11, 2002 18, 2025
Consultancy Pvt Ratansey Marg, Masjid
Ltd (East), Mumbai,
Maharashtra – 400009
7 Elegant Capital 47-A, 3rd Floor, Plot 13.01696 January September
Private Limited 308, Hanuman 06, 2004 18, 2025
Building, Perin Nariman
Street, Fort Market,
Fort, Mumbai,
Maharashtra – 4000012
8 Fax Computers C-001, Marathon 13.01748 February September
and Finance Innova, Off. G.K. Marg, 05, 2004 18, 2025
Services Private Opp. Peninsula
Limited Corporate Park, Lower
Parel (West), Mumbai,
Maharashtra – 400013
9 Panchasar 3rd Floor 8 Nanabhai 13.00206 March 03, September
Leasing and Lane Manek Mansion 1998 29, 2025
Invstment Ltd. Fort, Mumbai,
Maharashtra - 400001
10 Monotona Champion Finsec 13.00958 August 04, September
Securities Ltd. Limited at Dalamal 1998 29, 2025
(also known as Towers, Office No.615,
Champion Finsec 06th Floor, 211 Press
Limited) Journal Marg, Nariman
Point, Mumbai City,
Mumbai, Maharashtra –
400021
11 Morta Finlease 124, Andheri Univesal 13.01529 July 25, September
and Investments Indl. Premises above 2001 29, 2025
Private Limited Bank Of India, J. P.
Road, Andheri (W),
Mumbai, Maharashtra –
400058
12 Ottoman Finlease 124, Andheri Universal B- February September
and Investments Indl. Premises CHS 13.01485 17, 2001 29, 2025
Private Limited Ltd., J.P. Road, NR
Dhake Colony, Andheri
(W,), Mumbai City,
Mumbai, Maharashtra –
400058
13 Pal Credit & 58 Nariman Bhavan, 5th 13.00817 May 25, September
Capital Limited Floor, Nariman Point, 1998 29, 2025
Mumbai City, Mumbai,
Maharashtra – 400021
14 Shrenuj 506 Dharam Palace 13.00562 March 31, September
Investments and 100-103 N S Patkar 1998 29, 2025
Finance Private Marg, Mumbai,
Limited Maharashtra – 400007
15 Shyamal Holdings 20 B Khatau Building 13.0017 March 02, September
and Trading Alkesh Dinesh Modi 1998 29, 2025
Limited Marg Fort, Mumbai,
Maharashtra – 400023
16 Devi Investments Room no. 7, 2nd Floor, N- June 18, September
Private Limited Dossa Mansion, 1/6, Sir 13.01974 2010 29, 2025
P M Road, Fort,
Mumbai, Maharashtra -
400001
17 Dhuleva Finance 501, Khatau House, 15- 13.00563 March 31, September
Pvt Ltd A, J. Mehta Road, 1998 29, 2025
Mumbai, Maharashtra –
400006
18 Shah Financial Office No.209, 2nd 13.01509 April 10, September
Services Limited Floor, M.L. Spaces, 2001 29, 20253
Dashrathlal Joshi Road,
Vile Parle(West),
Mumbai, Maharashtra -
400056
19 Aastha Broad Unit No.317, 3rd Floor, 13.01182 February September
Casting Network Morya Landmark 1, Plot 17, 1999 29, 2025
Limited (earlier No B25, CTS No.594,
known as Trimline Off Andheri Link Road,
Investments Co Andheri West, Mumbai,
Ltd.) Maharashtra - 400053
20 Unno Industries B1/A, Utkarsh Co-op B- March 15, September
Limited Housing Society, M.A. 13.01987 2011 29, 2025
Road, Andheri West,
Mumbai, Maharashtra –
400058
21 Xrbia Financial The Affaires, Unit No. 5 B- December September
Services Private & 6, 1st Floor, Plot No. 13.01636 27, 2018 29, 2025
Limited 9, Sector No. 17,
Sanpada, Navi
Mumbai, Maharashtra –
400706
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: 2025-2026/1302 Chief General Manager