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RBI cancels certificates of these two shadow lenders

The Reserve Bank said, in exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934, it has cancelled the certificate of registration of the two NBFCs. ....

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Shadow lenders see loan demand from edtech firms dry up

The reopening of schools and falling investor interest have dampened spirits in edtech sector, even as some non-banking financial companies (NBFCs) avoid the segment due to perceptions of higher risk ....

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