RBI calls-off registration certificate of three NBFCs

As per other notification issued, nine NBFCs and one housing finance company surrendered their licence, whereas Reliance Home Finance Ltd surrendered its licence after exiting the Housing Finance Institution business.

RBI calls-off registration certificate of three NBFCs

The Reserve Bank of India has reportedly cancelled the certificate of registration of three non-banking finance companies [NBFC]. The three NBFCs are Bharathu Investment& Finance India, Cox & Kings Financial Service, and PSPR Enterprises Pvt Ltd.

As per other notification issued, nine NBFCs and one housing finance company surrendered their licence, whereas Reliance Home Finance Ltd surrendered its licence after exiting the Housing Finance Institution business.

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Among the nine NBFCs, S.M.I.L.E. Microfinance, JFC Impex Pvt Ltd, Cauvery Tradefin Pvt Ltd, and Ginni Tradefin Ltd, surrendered their licence after exiting from business. JG Trading & Investment Pvt Ltd, SK Finserve Pvt Ltd, Microfirm Capital Pvt Ltd, Bohra & Co Pvt Ltd, and Mahyo Grow Finance Pvt Ltd surrendered their licence as they cut off to be legal entities after amalgamation/ merger/ dissolution/ voluntary strike-off etc.

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