RBI cancels registration of four NBFCs, accepts surrender of registration from 13 others

The Reserve Bank of India (RBI) has taken significant action against non-banking financial companies (NBFCs) by cancelling the certificate of registration for four firms and accepting the surrender of registration from 13 others, reported Reuters.

This move is part of the RBI’s ongoing efforts to ensure the stability and compliance of the financial sector.

The RBI has officially revoked the registration of the following four NBFCs.