Action on Kumbh Finance
Case Brief
On November 24, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to Kumbh Finance Limited, whose registered office was in Kanpur, Uttar Pradesh. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934. RBI said the company had opted to exit the business of a non-banking financial institution.
The Reserve Bank of India cancelled the Certificate of Registration issued to Kumbh Finance Limited under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had opted to exit from the business of a non-banking financial institution, and RBI therefore cancelled its registration certificate.
Severity Assessment
Cancellation of a Certificate of Registration is a licence cancellation, which carries severity 5 regardless of monetary amount.
Kumbh Finance Limited can no longer operate as a registered non-banking financial company. The action primarily affects the company and any counterparties dealing with it as an NBFC, and it reflects the formal end of its NBFC registration.
Published as Kumbh Finance Limited
© 2026 RegOversight by OddVector