The
Reserve Bank today said registration certificates of five non-banking financial
companies (NBFCs) have been cancelled while two surrendered their certificate
to the central bank.
The seven entities, RBI said, “cannot transact the business of
a non-banking financial institution”.
The entities whose certificates were cancelled are Simco
Consultants, Lunkad Securities, Rajvir Marketing and Investment, Crystal
Investments, and Shri Jaya Investments Agency.
The NBFCs which surrendered the certificate are Texas Resources
and Vivek Vyapar. The registration certificates of the two Kolkatta based
entities stands cancelled.
source financial express
.
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