For Quick Alerts
For Daily Alerts

RBI starts examining 3000 unregistered NBFCs

By Religare
RBI starts examining 3000 unregistered NBFCs
In the wake of concern about the actual business activities of non banking finance companies, Reserve Bank of India has started scrutiny of nearly 3,000 companies which could be carrying out non-banking finance operations.

The move is to identify companies engaged as non-banking financial activities (NBFCs) that are not registered with the Reserve Bank of India, said the media report. The central bank's move comes against the backdrop of the government efforts to crackdown on entities illegally raising large amounts of money from the public.

According to sources, the Corporate Affairs Ministry had earlier sent a list of thousands of companies that claimed to be engaged in non-banking financial activities.

The list was sent to the central bank after RoCs found many discrepancies in the filings made by these entities, said the media report.

Read more about: rbi nbfc
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more