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22 NBFCs Surrender Registration Certificates; RBI Cancels Registration of BRD Securities and Lakshmi Finance

While the Reserve Bank of India (RBI) has cancelled the certificate of registration of two non-banking finance companies (NBFCs), as many as 22 NBFCs have surrendered registration due to their exit from non-banking finance business, meeting the criteria prescribed for an unregistered core investment company (CIC) that do not require registration and amalgamation or a merger with other entity.

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