The Reserve Bank of India (RBI) has cancelled the certification of registration of 4 non-banking finance companies (NBFC) two from Telangana and one each from Kerala and Uttar Pradesh.

Banking & Finance

The Reserve Bank of India (RBI) has cancelled the certification of registration of 4 non-banking finance companies (NBFC) two from Telangana and one each from Kerala and Uttar Pradesh. And the entities will not transact the business of a shadow bank, as defined under RBI Act, 1934. Separately, four NBFCs surrendered their registration certificates following a decision to exit from the non-banking finance business. Three NBFCs ceased operations following corporate actions such as amalgamation, dissolution, merger or voluntary strike-off. Those NBFCs whose registration has been cancelled by the Reserve Bank include Kerala- based Nanma Chits and Financiers Ltd, Uttar Pradesh based Kailash Auto Finance Ltd and Chidrupi Financial Services Ltd and Goldline Financial Services Ltd from Telangana.


      Three NBFCs surrendered their registration certificates to RBI as they cease to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.

     

     

 

     


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