BANK NEWS
RBI cancels Certificate of Registration of 3 NBFCs
The companies shall neither transact the business of a Housing Finance Institution nor of a Non-Banking Financial Institution.
Reserve Bank of India
New Delhi: The Reserve Bank of India on Thursday has cancelled the Certificate of Registration (CoR) of three Non-Banking Financial Institutions including 2 Housing Finance Companies.
The companies include Malik Motor Finance Limited, North-East Region Housing Finance Company Limited, and Aryarth Housing Finance Limited.
As such, the above companies shall neither transact the business of a Housing Finance Institution nor of a Non-Banking Financial Institution as defined in the National Housing Bank Act, 1987 and Reserve Bank of India Act, 1934, respectively.
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