Reserve Bank Cancels CoR of Two CICs Following Requests

The Reserve Bank of India on Thursday announced the cancellation of the certificates of registration (CoR) of two core investment companies (CICs) following requests from the firms to surrender their registrations.

The companies affected are RR Holdings and Anjali Capfin. The details were included in an official RBI statement listing non-banking financial companies (NBFCs) that have surrendered their CoR.

According to the central bank, the cancellation was approved after determining that both companies meet the criteria prescribed for unregistered CICs that are not required to obtain registration under the existing regulatory framework.

Core investment companies are a category of non-banking financial entities that primarily hold investments in group companies and are regulated by the RBI under specific norms and compliance requirements.

The Reserve Bank periodically reviews the status of NBFCs and CICs to ensure compliance with regulatory standards and to maintain transparency within the financial system. Companies that no longer meet the threshold for mandatory registration or alter their operational structure may voluntarily surrender their certificates.

The latest development forms part of the RBI’s ongoing supervisory and regulatory oversight of India’s financial sector, particularly the non-banking finance segment.