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RBI cancels Certificate of Registration of 13 NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Source: Reserve Bank of India (official). The summary and key points are quoted from that release; no AI is used. Check the source for the full text.

BANKINGUPSCSSC

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Key points

Exam-ready takeaways

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

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