Nbfc: RBI says 22 NBFCs have surrendered their registration certificates

The central financial institution has cancelled their Certificates of Registration (CoR) as they’ve surrendered the identical.

With cancellation of the CoRs, these 22 entities can’t transact the enterprise of a Non-Banking Monetary Firm (NBFC), the RBI stated in an announcement.

In the meantime, Essel Finance House Loans Restricted has surrendered the CoR granted to it by the Nationwide Housing Financial institution and subsequently, the identical has been cancelled.

With this, Essel Finance House Loans can neither transact the enterprise of a housing finance establishment nor of a non-banking monetary establishment, it added.

In a separate assertion, the central financial institution stated it has cancelled the CoR of Karnawati Capital Market Restricted.