Key Details of Regulatory Action Authority & Power Reserve Bank of India (RBI), under “Section 45-IA(6)” of the RBI Act, 1934. Action Cancellation of Certificate of Registration (CoR) for 21 Non-Banking Financial Companies (NBFCs). Regulatory Consequence Prohibited from transacting the business of a Non-Banking Financial Institution in India. Cancellation Dates Primarily on “September 05, 18, […]
Key Details of Regulatory Action The Reserve Bank of India (RBI) cancelled the banking license of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, effective from the close of business on October 07, 2025. This action prohibits the bank from conducting the business of ‘banking’, including the acceptance and repayment of deposits. Bank & Regulatory Snapshot
This report details the key aspects of the Reserve Bank of India’s decision to cancel the Certificate of Registration (CoR) of Datta Finance and Trading Private Limited. 1. Key Details 2. Root Cause Analysis (RCA) The root cause for the cancellation of the CoR was the company’s violation of RBI guidelines on the code of
