RBI cancels licences of 3 finance cos

MUMBAI: Reserve Bank of India on Friday said it has cancelled the certificate of registration granted to three companies for carrying on the business of a non-banking financial institution (NBFI).

The companies are Seven Heaven Leasing and Finance, M/s Internet Investment Company and Associated Fincap Ltd.

The licences have been cancelled as these companies have opted to exit from the business of a non-banking financial institution, an RBI release here said.