RBI Cancels NBFC Licence of Richhold Trading (P) Ltd
India, June 12 -- The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of Richhold Trading (P) Ltd, a Non-Banking Financial Company (NBFC) registered in West Bengal, with effect from May 20, 2026. The cancellation order was issued in exercise of powers conferred under Section 45-IA(6) of the Reserve Bank of India Act, 1934.The company, headquartered at 28/2, Shakespeare Sarani, Room No. 803, 8th Floor, Kolkata, West Bengal 700017, held CoR No. 05.02414, which was originally granted on May 16, 1998. The registration remained valid for approximately 28 years before the RBI decided to revoke it.With the cancellation of its registration, Richhold Trading (P) Ltd is no longer permitted to transact the business of a...
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