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RBI cancels CoR for core investment companies after RR Holdings and Anjali Capfin requests
The Reserve Bank of India has cancelled the certificate of registration for two core investment companies, RR Holdings and Anjali Capfin, after they sought to surrender their status. It also cancelled HDFC Holdings’ registration after it ceased to exist following a merger. The RBI listed several NBFCs surrendering CoR, with no update on Tata Sons’ request.
The Reserve Bank said it cancelled and accepted surrenders of several NBFC registrations. The action covered core investment companies and other non-banking finance companies. RR Holdings and Anjali Capfin lost their CIC registration after seeking surrender. In separate steps, the RBI also cancelled 150 NBFC certificates and restored one registration.
In its statement, the RBI placed RR Holdings and Anjali Capfin in a list of NBFCs. Both firms asked to surrender their certificate of registration, or CoR. The central bank said it cancelled these two CoRs. The RBI added the move met conditions set for unregistered CICs that do not need registration.
RBI certificate of registration action on CICs
The RBI did not comment on Tata Sons’ May 2024 request to surrender its CoR. The surrender could help Tata Sons avoid a listing trigger. Tata Sons is the holding company of a diversified group. The RBI classifies Tata Sons as an upper-level NBFC.
The central bank also cancelled the CoR of HDFC Holdings. The RBI said HDFC Holdings stopped being a legal entity after amalgamation or merger. HDFC Holdings was among seven NBFCs that surrendered their CoR. HDFC Bank merged HDFC Ltd with itself last year.
RBI certificate of registration updates for NBFCs
On Thursday, the RBI said four NBFCs surrendered their CoR due to exit from NBFI business. The firms named were Guru Kirpa Finvest and Gajraj Securities And Services. The list also included Ashoka Viniyoga and Purvanchal Investment And Trading Company. The RBI described these as surrenders, not cancellations.
In another notification, the RBI said it cancelled the certificate of registration of 150 NBFCs. The list included Astute Finance and Regis Industries. It also named MR Fincap and IND Corp Securities. The RBI did not provide further details on each entity in the notice.
Separately, the RBI restored the certificate of registration of Krishna Capfin on April 17, 2026. The RBI said it acted after reviewing orders of the Appellate Authority or courts. The release said Krishna Capfin must follow RBI Act, 1934 rules. It also must meet RBI guidelines, directions, and reporting needs.
With inputs from PTI
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