Mumbai, Oct 12 (SocialNews.XYZ) Reserve Bank of India (RBI) on Thursday said that 14 non-banking finance companies (NBFCs) have surrendered their certificate of registration.
These NBFCs include Shivam Hire Purchase & Finvest, Sun Finlease (Gujarat), Chitrakoot Motor Finance and Alkan Fiscal Services among others.
As many as 10 of these NBFCs have surrendered their licence due to exit from the non-banking financial institution (NBFI) business.
These 10 NBFCs are TMF Business Services Limited (formerly Tata Motors Finance), Shivam Hire Purchase & Finvest, Shree Shanti Trades, Adroit Commercial, Sun Finlease (Gujarat), Chitrakoot Motor Finance, VIP Finstock, Dhruvtara Finance Services, Saija Finance and Micrograam Marketplace.
The other four NBFCs have surrendered their licence as they ceased to be legal entities due reasons such as amalgamation, dissolution or voluntary strike-off.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
