Sushmita Goswami | May 11, 2022 |

7 Non-Banking Financial Companies surrender their Certificate of Registration to RBI

The following are some examples: Seven non-banking financial companies (NBFCs) have surrendered the Reserve Bank of India’s Certificate of Registration (CoR) (RBI). As a result, the RBI has terminated their CoR in execution of its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

As a result, the organizations listed above are not permitted to conduct business as a Non-Banking Financial Institution, as specified in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

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Tags: NBFC, RBI, Reserve Bank of India, Studycafe

Author Bio

Name: Sushmita Goswami

Designation: Content Manager

Company: Studycafe

Location: Delhi, India

Total Posts: 2005

Sushmita Goswami is a content writer with 2+ years of experience in Finance, Recruitment, Education and career Related Content. She is a Graduate from Delhi University in Journalism and Mass Communication

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