The Reserve Bank of India (RBI) recently announced the cancellation of registration for four non-banking finance companies (NBFCs) and the surrender of licenses by 11 other entities. This move signifies the RBI’s efforts to maintain regulatory compliance and ensure the stability of the financial sector.
The RBI cancelled the certification of registration for the following NBFCs:
The RBI reported that 11 entities have voluntarily surrendered their NBFC licenses. These entities include:
Among the 11 NBFCs that surrendered their licenses, the reasons varied:
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