INDIA

RBI Cancels Registration of 5 NBFCs Citing 'Irregular' Lending Practices

The RBI canceled the Certificate of Registration of five Non-Banking Financial Companies.

RBI Cancels Registration of 5 NBFCs Citing 'Irregular' Lending Practices
Reserve Bank of India (Photo Credits: PTI)

The Reserve Bank of India on Wednesday canceled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices.

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(The above story first appeared on LatestLY on May 25, 2022 08:06 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).