RBI Cancels Registration of 31 NBFCs 

The RBI canceled the certificate of registrations of as many as 31 NBFCs for unspecified reasons. It also canceled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27 of 31 companies which lost licenses are from Bengal.

Source: The Times of India

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