RBI cancels Certificate of Registration of 13 NBFCs
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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.
Summary
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. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date 1 Nakodar Finance Private Limited 8th Floor, SKCL Tech Square, Plot No.SP14, Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 B-13.02246 May 25, 2018 September 07, 2026 2 Ajitnath
Key Facts
TypePress release
SourceReserve Bank of India
PublishedFriday, 9 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Social Justice & Empowerment
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsBPL FamiliesSenior CitizensPersons with Disabilities
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionFriday, 9 October 2026via policyradar
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. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date 1 Nakodar Finance Private Limited 8th Floor, SKCL Tech Square, Plot No.SP14, Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 B-13.02246 May 25, 2018 September 07, 2026 2 Ajitnath
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...
DescriptionSaturday, 10 October 2026via policyradar
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. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date 1 Nakodar Finance Private Limited 8th Floor, SKCL Tech Square, Plot No.SP14, Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 B-13.02246 May 25, 2018 September 07, 2026 2 Ajitnath
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...
Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 71,580 Amount accepted (in ₹ crore) 71,580 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1317
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