Reserve Bank cancels Certificate of Registration of Star Finserv India Limited due to irregular lending practices - ஆர்பிஐ - Reserve Bank of India
Reserve Bank cancels Certificate of Registration of Star Finserv India Limited due to irregular lending practices
In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):
As such, the above company shall not transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934. The CoR has been cancelled by RBI as:
(Puneet Pancholy) Press Release: 2024-2025/651 |