Top Ad 728x90

Saturday, 10 November 2018

,

Central Bank cancelled registration of 31 non-banking financial companies

Central Bank cancelled registration of 31 non-banking financial companies




Central bank RBI canceled the registration of 31 non-banking financial companies (NBFCs) for unspecified reasons. Of these 27 companies are from West Bengal.

According to the statement released by the RBI, four NBFCs in Uttar Pradesh apart from Bengal have also been canceled. RBI says that the 31 companies whose registrations were canceled were not involved in business activities.

Most of the companies in Bengal had urged the RBI to cancel its license. Under the RBI regulation, more than 12 thousand non-banking financial companies are registered in the country. NBFCs are struggling with cash problems due to non-payment of outstanding amount from IL & FS since August last year.

Share this post

0 comments:

Post a Comment

Top Ad 728x90