Case Brief
The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of three NBFCs: Bharathu Investment & Finance India Limited, Cox & Kings Financial Service Limited, and PSPR Enterprises Private Limited. The release states that, following cancellation, these companies shall not transact the business of a Non-Banking Financial Institution as defined in the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jehanabad, Bihar
- Order Date