BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, February 8, 2016

Reserve Bank Cancels Registration Certificates of 4 NBFCs




The Reserve Bank of India has cancelled the certificate of registration of four non-banking financial companies. No details were given by the central bank for the cancellation of certificates of these firms.

"The Reserve Bank has cancelled the certificate of registration of four non-banking financial companies (NBFCs) in exercise of the powers under the Reserve Bank of India Act, 1934," it said in a notification on Monday.

NBFCs Goyal Commercial Pvt Ltd and First Debt Management Co of India Ltd belong to Kolkata while Nostalgia Finvest Private Limited and Narad Realtors Private Limited belong to Mumbai.

The registration certificates of these NBFCs were cancelled in November and December of 2015.

"Following the cancellation of registration certificate, the above companies cannot transact the business of a non-banking financial institution," the RBI added.

No comments:

Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">