Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to Zavron Finance Private Limited under Section 45-IA(6) of the RBI Act, 1934. This is a licensing action against an NBFC and results in the entity losing its registration to operate as an NBFC. The release title indicates the reason was irregular lending practices, though the body text only states the cancellation and the statutory basis.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date