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Four NBFCs across Indian states lose certificates of registration after RBI action

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934, the central bank said.

Sowjenvee financeRegion finservicesOpel financeS rm properties and finance company pvtBanking financial institutionReserve bankProperties and finance companyKarnataka based sowjenvee finance limitedBihar based opel financeIndia actNon banking financial institutionEast region finservices limitedFinance limited

RBI cancels certificate of registration of four NBFCs

The Reserve Bank of India (RBI) on Wednesday said it has cancelled the certificate of registration of four non-banking financial companies (NBFCs).

Sowjenvee financeRegion finservicesOpel financeS rm properties and finance company pvtBanking financial institutionReserve bankProperties and finance companyKarnataka based sowjenvee finance limitedBihar based opel financeIndia actNon banking financial institutionEast region finservices limitedFinance limitedBreaking business newsRegion finservicesCancelled the

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