RBI has initiated a significant regulatory sweep in the non-banking financial sector, cancelling the Certificate of Registration (CoR) of 35 Non-Banking Financial Companies (NBFCs). The central bank confirmed that these cancellations, executed under Section 45-IA (6) of the RBI Act, 1934, are due to persistent non-compliance with regulatory requirements. Scroll below to see the full list of 35 NBFCs.
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