Two NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. 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 therefore cancelled their Certificate of Registration.

Sr. No.Name of the CompanyOffice AddressCoR No.Date of issue of CoRDate of Cancellation of CoR
1Snehalata Finance Limited6-3-871, Snehalata Complex, Greenlands Road, Begumpet, Hyderabad, Telangana – 500016B-09.00188June 04, 2003September 04, 2020
2Jagran Media Network Investment Private Limited2, Sarvodaya Nagar, Kanpur – 208005B-12.00456June 01, 2017October 01, 2020

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/557


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