Latest News | Equitas Holdings Surrenders NBFC Licence to RBI
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank of India on Monday said Equitas Holdings Ltd has surrendered its NBFC licence, and accordingly its registration has been cancelled.
Mumbai, Jun 12 (PTI) The Reserve Bank of India on Monday said Equitas Holdings Ltd has surrendered its NBFC licence, and accordingly its registration has been cancelled.
The RBI, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled its CoR (certificate of registration), the central bank said in a statement.
Also Read | Cyclone Biparjoy on Course To Become Cyclone With Longest Lifespan in Arabian Sea, Says IMD.
As the company does not hold public funds therefore it may have voluntarily surrendered its certificate of registration, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)