RBI Cancels Registration of 4 NBFCs

  • The Reserve Bank of India said that it has cancelled the certificate of registration of four non-banking financial companies.
  • Goyal Commercial Pvt Ltd and First Debt Management Co. of India Ltd are the NBFCs belonging to Kolkata, while Nostalgia Finvest Private Limited and Narad Realtors Private Limited belong to Mumbai.
  • “Following the cancellation of registration certificate, the above companies cannot transact the business of a non-banking financial institution”, RBI added.