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Registration certificate of 22 NBFCs canceled, now they will not be able to do any business in the country, RBI gave information

The Reserve Bank of India has given information about the cancellation of registration certificates of 22 NBFCs including BNP Paribas India Finance.

RBI : 22 NBFCs Registration Certificates Surrendered : The registration certificates of 22 non-banking financial companies (NBFCs) in the country have been cancelled. All these companies can no longer do business as NBFCs in the country. This information has been given in a statement issued by the Reserve Bank of India (RBI) on Monday.

The Reserve Bank has said that 22 NBFCs whose registration certificates have been canceled include BNP Paribas India Finance, Swiss Leasing and Finance and Available Finance. According to the Reserve Bank, all these NBFCs have surrendered their registration certificates. According to the Reserve Bank, the registration certificates of all these companies have been canceled after surrender.

Apart from these, Essel Finance Home Loans Limited has also surrendered its registration certificate from National Housing Bank (NHB), after which it has also been cancelled. Along with this, now Essel Finance Home Loans will also not be able to do any business as a housing finance company or non-banking financial company (NBFC) in the country. The Reserve Bank has said in another statement that it has also canceled the registration certificate of Karnavati Capital Market Limited. (Input : PTI)

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