RBI says 22 NBFCs have surrendered their registration certificates


Reserve Financial institution of India on Monday stated 22 NBFCs, together with BNP Paribas India Finance, Swiss Leasing and Finance, and Obtainable Finance, 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 a press release.

In the meantime, Essel Finance Residence Loans Restricted has surrendered the CoR granted to it by the National Housing Bank and subsequently, the identical has been cancelled.

With this, Essel Finance Residence 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 Limited.

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