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RBI cancels registration certificate of 2 NBFCs

By Religare

The Reserve Bank of India has cancelled the certificate of registration of two Rajasthan based non-banking financial companies (NBFCs).

"The Reserve Bank of India have cancelled the certificate of registration of the Hanumangarh Finvest Private Limited and Shubham Fiscal Services Private Limited in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934," RBI said in a notification.

The two NBFCs are based in Rajasthan


Following the cancellation of registration certificate, the above companies cannot transact the business of a non-banking financial institution.

Story first published: Thursday, August 6, 2015, 23:00 [IST]
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