RBI Cancels NBFC Licence of Transeem Commercial (P) Ltd
India, June 12 -- The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of Transeem Commercial (P) Ltd, a Non-Banking Financial Company (NBFC) registered in West Bengal, with effect from May 21, 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 P-34 CIT Road, Kolkata, West Bengal 700014, held CoR No. B.05.04237, which was originally granted on July 17, 2001. The registration remained valid for approximately 25 years before the RBI decided to revoke it.With the cancellation of its registration, Transeem Commercial (P) Ltd is no longer permitted to transact the business of a Non-Banking Financial Inst...
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