RBI cancels Certificate of Registration of 6 NBFCs - ਆਰਬੀਆਈ - Reserve Bank of India
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ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਮਈ 03, 2016
RBI cancels Certificate of Registration of 6 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, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Ajit Prasad Press Release : 2015-2016/2560 |
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