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RBI Cancels CoR of Datta Finance and Trading Pvt Ltd for Irregular Lending Practices.

Banking & Finance | Dated: 25 Sep 2025

On 22 September 2025, the Reserve Bank of India (RBI) cancelled the Certification of Registration (CoR) of Datta Finance and Trading Private Limited, a Non-Banking Financial Company (NBFC), following violations in its digital lending operations. Post-cancellation, the company is no longer permitted to carry on NBFC business.

🎯 Key Highlights:

  • - The CoR was cancelled as the company violated RBI guidelines regarding the code of conduct in outsourcing financial services, particularly in its digital lending activities.
  • - The violations affected several aspects of operations, including sourcing of customers, due diligence, loan disbursement, servicing, and recovery, leading to non-compliance with standard NBFC practices.
  • - The irregular lending processes also disrupted Know Your Customer (KYC) verification, creating regulatory and operational challenges in providing financial services.

💡 Other Important Facts:

  • The company’s digital lending operations relied on apps including KinCash app, DoLoan app (Zest Top One Technology Pvt Ltd), and ZestCash app (company’s in-house app), which were implicated in the irregularities.

📚 Test Your Knowledge:

Recently, which company’s Certification of Registration (CoR) was cancelled by RBI on 22 September 2025?

Correct Answer: Datta Finance and Trading Pvt Ltd

🚀 Quick Recap:

About RBI

  • Governor : Sanjay Malhotra
  • Headquarter : Mumbai