Latest News | Nine NBFCs Surrender Certificate of Registration

Mumbai, Jul 2 (PTI) The Reserve Bank of India on Tuesday said nine non-banking financial companies, including Ujjivan Financial Services, have surrendered their certificate of registration (CoR) to the central bank.

Of these, five non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution business. These NBFCs are Vigfin Holdings, Strip Commodeal, Allium Finance, Eternite Finvest, and Fino Finance.

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The apex bank said three NBFCs, namely Allegro Holdings, Temple Trees Impex and Investment, and Hem Financial Services, have surrendered their certificates after meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration.

Ujjivan Financial Services Ltd surrendered the CoR as it ceased to be a legal entity due to amalgamation.

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(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)