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As many as five non-banking financial companies (NBFC) have surrendered their certificate of registration (CoR) to the Reserve Bank of India (RBI). Four NBFCs submitted their registration certificate after exiting the NBFC business. At the same time, one NBFC has surrendered its registration certificate as it does not require registration under the criteria prescribed for an unregistered core investment company (CIC). ....
Sampada Business Solutions submitted the certificate of registration due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that does not require registration. ....