RBI cancels Certificate of Registration of Carmel Merchants Pvt Ltd

India, May 14 -- 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 cancelled the Certificate of Registration (CoR) of Carmel Merchants Pvt Ltd.The company was registered as a Non-Banking Financial Company (NBFC) with CoR No. B.05.04709 issued on December 05, 2001. The cancellation order was issued on April 17, 2026.As such, the above company 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.

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