7 Non-Banking Financial Companies surrender their Certificate of Registration to RBI
7 Non-Banking Financial Companies surrender their Certificate of Registration to RBI The following are some examples: Seven non-banking financial com…
Sushmita Goswami
May 11, 20227 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.
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.About Author
Sushmita Goswami
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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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New Delhi , Delhi, India
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