The Reserve Bank of India (RBI) on Wednesday cancelled certificates of registration of eight non-banking finance companies (NBFC).
Four NBFCs surrendered their certificates of registration to the RBI, the central bank said in a release. The four NBFCs are — Ashwini Investment Private Ltd, RM Securities Pvt Ltd, Amity Finance Private Ltd and Matrix Merchandise Ltd.
Separately, the RBI suo-moto cancelled certificates of another four NBFCs — SRM Properties and Finance Company Pvt Ltd, North East Region Finservices Ltd, Sowjenvee Finance Ltd and Opel Finance Ltd.
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“The above companies shall not transact the business of a non-banking financial institution, as defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934,” the central bank said.
