The RBI has restored the Certificate of Registration of a Non-Banking Financial Company after an appellate review, allowing it to resume operations.
Restoration of Certificate of Registration of One NBFC
The Reserve Bank of India has announced the restoration of the Certificate of Registration (CoR) for a Non-Banking Financial Company (NBFC) following a review by the Appellate Authority/Court. This decision enables the NBFC to resume its operations in compliance with applicable regulations.
The restoration is significant as it reflects the RBI's willingness to reconsider decisions based on adjudicatory processes and adherence to regulatory requirements. The NBFC is advised to continue following the provisions of the Reserve Bank of India Act, 1934, along with the guidelines set forth.
This development is pivotal for stakeholders in the financial sector, as it indicates the importance of due process and compliance in regulatory matters. Practitioners should keep this precedent in mind when dealing with similar situations involving registration and compliance issues.
Citations
- Reserve Bank of India, Press Release (2026)