Current Affairs Economy & Banking

RBI Cancels Registration of 31 NBFCs

Category : Economy & Banking

 The RBI canceled the certificate of registrations of as many as 31 NBFCs for unspecified reasons. It also canceled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27 of 31 companies which lost licenses are from Bengal.
Source: The Times of India


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