Live
- ‘Pushpa-2: The Rule’ creates nationwide buzz with electrifying updates
- CERT-In Warns iPhone Users: Update to iOS 18.1.1 Now to Avoid Hacking
- Rana Daggubati’s Show gets huge applause at 55th IFFI
- Jana Sena MLA Pulaparthi Ramanjaneyulu Elected as PAC chairman
- Stage set for counting of votes for Jharkhand Assembly elections
- MLA Sri Ganesh Engages ASHA Workers and Resource Persons in Caste Census Meeting
- Supreme Court verdict on validity of Preamble modification in 1976 likely on November 25
- ‘Zebra’ movie review: A gripping tale of banking fraud and redemption
- Saurabh Netravalkar, Unmukt Chand, Dwayne Smith and Rahkeem Cornwall headline USPL
- NPP asks members not to attend meeting called by Biren govt
14 NBFCs surrender licences to RBI
Reserve Bank of India (RBI) on Thursday said that 14 non-banking finance companies (NBFCs) have surrendered their certificate of registration.
Mumbai: Reserve Bank of India (RBI) on Thursday said that 14 non-banking finance companies (NBFCs) have surrendered their certificate of registration.
These NBFCs include Shivam Hire Purchase & Finvest, Sun Finlease (Gujarat), Chitrakoot Motor Finance and Alkan Fiscal Services among others.
As many as 10 of these NBFCs have surrendered their licence due to exit from the non-banking financial institution (NBFI) business.
These 10 NBFCs are TMF Business Services Limited (formerly Tata Motors Finance), Shivam Hire Purchase & Finvest, Shree Shanti Trades, Adroit Commercial, Sun Finlease (Gujarat), Chitrakoot Motor Finance, VIP Finstock, Dhruvtara Finance Services, Saija Finance and Micrograam Marketplace.
The other four NBFCs have surrendered their licence as they ceased to be legal entities due reasons such as amalgamation, dissolution or voluntary strike-off.
