GRI

RBI cancels Certificate of Registration of two NBFCs

News Financial services Sanctions & Fines
Date: 26th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 26, 2024, the Reserve Bank of India issued an update regarding RBI cancels Certificate of Registration of two NBFCs. The Reserve Bank of India has cancelled the Certificate of Registration of Ulhas Securities Private Limited and Sikar Investment Co Ltd, effective from September 24, 2024 and October 07, 2024 respectively. As a result, these companies are prohibited from transacting business as Non-Banking Financial Institutions."

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Reserve Bank of India

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