RBI cancels Certificate of Registration of 7 NBFCs - ଆରବିଆଇ - Reserve Bank of India
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ପ୍ରକାଶିତ ତାରିଖ ଅକ୍ଟୋବର 26, 2016
RBI cancels Certificate of Registration of 7 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-IA of the RBI Act, 1934. Ajit Prasad Press Release : 2016-2017/1039 |
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