Latest News | RBI Says 22 NBFCs Have Surrendered Their Registration Certificates
Get latest articles and stories on Latest News at LatestLY. Reserve Bank of India on Monday said 22 NBFCs, including BNP Paribas India Finance, Swiss Leasing and Finance, and Available Finance, have surrendered their registration certificates.
Mumbai, Apr 11 (PTI) Reserve Bank of India on Monday said 22 NBFCs, including BNP Paribas India Finance, Swiss Leasing and Finance, and Available Finance, have surrendered their registration certificates.
The central bank has cancelled their Certificate of Registration (CoR) as they have surrendered the same.
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With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.
Meanwhile, Essel Finance Home Loans Limited has surrendered the CoR granted to it by the National Housing Bank and subsequently, the same has been cancelled.
With this, Essel Finance Home Loans can neither transact the business of a housing finance institution nor of a non-banking financial institution, it added.
In a separate statement, the central bank said it has cancelled the CoR of Karnawati Capital Market Limited.
(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)