RBI Revokes Registration of Margdarshak Financial Services Due to High Net NPAs and Repayment Defaults.

Banking & Finance

The Reserve Bank of India (RBI) has revoked the registration of Margdarshak Financial Services due to significant financial issues. The decision was made following a review that highlighted the company's high net non-performing assets (NPAs) and frequent repayment defaults. This action aims to protect consumer interests and uphold financial stability. The RBI emphasized that such measures are necessary to ensure that financial institutions operate in a sound and prudent manner. Margdarshak Financial Services must cease its operations and address these concerns as part of the regulatory action taken by the RBI.


      RBI's action underscores its commitment to enforcing regulatory standards in the financial sector for consumer protection.

      Margdarshak Financial Services is now prohibited from conducting any financial transactions or offering services.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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