The Reserve Bank of India (RBI) on Wednesday said it has cancelled the certificate of registration of 135 non-banking finance companies.

These include companies such as Express Fincap House, Akshay Fiscal Services, Times Finance (P), Jupiter Projects (P), Jupiter Finvest, Essel Finance Business Loans, and Citiwide Financial Services.

The majority of the NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal, an RBI release showed.

Separately, 13 non-banking finance companies have surrendered their certificates of registration to the central bank due to exiting the business or ceasing to be legal entities following amalgamation/merger/dissolution/voluntary strike.

J. Thomas Finance, Econ-Super Sales, Hitesha Finance and Investment, Tinnevelly Tuticorin Investments, Carnex Vinimay, and Impact Leasing surrendered their licences due to exit from Non-Banking Financial Institution (NBFI) business, the release said.

Further, Forerunner Capital Investments’ licence was surrendered due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration.

NBFCs such as Caspian Impact Investments, Hari Darshan Sales, Ivory Consultants, SKA Consultancy Services, Trishita Management, and Suban Trades surrendered their licence due to the NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc, the release added.

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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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India’s National Bank for Financing Infrastructure & Development (NaBFID) is in talks with banks to raise funds through a five-year dollar loan, seeking to capitalize on the central bank’s recent measures to encourage foreign currency inflows.

The state-owned infrastructure lender is looking at a total pricing of 6.5% to 7%, including hedging costs, Managing Director Rajkiran Rai G. said in an interview, adding that the size of the loan would depend on the pricing. NaBFID is seeking to raise $8 billion-$9 billion from the domestic and offshore markets in the financial year ending March 2027, he said.\

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The Reserve Bank of India said this week it will offer state-run firms a concessional foreign exchange swap facility at a fixed rate of 1.5% a year. Analysts said this would allow firms to hedge overseas borrowings at roughly half the prevailing market cost. Many borrowers have stayed away from offshore markets this year because of elevated hedging costs and the rupee’s weakness.

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“Replanning is happening, and we are studying it very closely,” said Rai. “We will definitely make use of this special hedge window.” 

State-run firms are likely to prefer offshore borrowing as the RBI’s discounted swap facility has made overseas fundraising 50 to 75 basis points cheaper than raising money in the domestic bond market, he said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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The controversy surrounding comedian Pranit More’s viral stand-up clip has taken another turn, with his Instagram account now appearing to be deactivated. Users searching for his profile are seeing an account with zero followers and zero following, suggesting it has been temporarily disabled amid the ongoing backlash.

While Pranit More’s main Instagram account (@rj_pranit) appears to have been deactivated, his secondary account, @maharashtrianbhau, remains active with over 1 million followers.

How The Controversy Started?

The issue stemmed from a now-deleted video from Pranit More’s stand-up show that went viral.

In the video, audience member Himanshu Jangra, a 22-year-old from Gurugram, spoke about a date where he spent around Rs 370 on chicken biryani and implied that he expected something in return because he paid for the meal.

His remark, “Maine kaha ki Rs 370 lage hain to use to wasool to karunga hi,” quickly drew criticism, with many social media users calling it offensive and reflective of a problematic attitude towards women and consent.

Why Pranit More Faced Backlash?

As the clip spread online, attention also turned to More’s reaction. Many users felt he failed to challenge the comment and instead laughed along during the interaction. Critics also questioned the decision to share the clip publicly.

Several influencers weighed in on the controversy, including Sakshi Shivdasani, who described the comments made during the show as “gross and disgusting.”

Apologies And Consequences

As criticism mounted, More removed the video and issued a public apology.

“I’ve seen the criticism regarding a recent crowdwork clip. The comments made by the audience member do not reflect my views. Looking back, I should have challenged the remark instead of laughing and moving on. That was a lapse in judgement on my part,” he wrote.

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Jangra also apologised, saying his comments were insensitive and never intended to offend anyone.

The controversy later reached Jangra’s employer, Gurugram-based Starvik Design. After reviewing the matter, the company terminated his employment, stating that the growing backlash was affecting the workplace.

Debate Continues Online

While both More and Jangra have apologised, the incident continues to fuel discussions online about consent, accountability in comedy and the responsibility of creators when sharing audience interactions.

With More’s Instagram account now deactivated, the controversy remains one of the most talked-about social media debates of the week.

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