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RBI Cancels Certificate of Registration of 6 NBFCs

Mar 10, 2017: The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

RBI Cancels Certificate of Registration of 6 NBFCs



As such, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.


Ref: RBI Press Release : 2016-2017/2429 Date : Mar 10, 2017

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