The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of four Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licenses. The cancellations were made under the powers vested in the RBI through Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Three of the companies surrendered their CoRs following their decision to exit the NBFC business. These include Sicom Investments & Finance Limited, based in Mumbai, whose CoR (No. N-13.01842) issued on September 8, 2006, was cancelled on April 4, 2025; Pioneer Holdings Private Limited, also based in Mumbai, whose registration (No. N-13.01654) dated January 6, 2003, was cancelled on April 24, 2025; and Chennai-based Easyaccess Financial Services Limited, with CoR No. N-07.00775 issued on December 22, 2008, which was cancelled on April 29, 2025.
Additionally, the RBI revoked the registration of Eastern Credit Capital Private Limited, Kolkata, following its cessation as a legal entity due to amalgamation or dissolution. The company’s CoR (No. B.05.06803), originally issued on December 20, 2012, was cancelled on April 9, 2025.
These actions are part of the RBI's ongoing regulatory oversight to ensure that only compliant and operational entities remain active within the financial ecosystem.