RBI Approves Voluntary Surrender of NBFC License by Kuber Udyog

Kuber Udyog Ltd has received approval from the Reserve Bank of India (RBI) for the voluntary surrender of its Non-Banking Financial Company (NBFC) Certificate of Registration (CoR). The company ceased to hold its NBFC registration effective November 05, 2026, following its application on July 24, 2026. The RBI's decision was based on the company's voluntary request and its financial statements as of July 21, 2026, which indicated that its financial assets and income were below the Principal Business Criteria (PBC) required for an NBFC. Kuber Udyog has also undertaken to amend its company name and Memorandum of Association to reflect the cessation of financial business.