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RBI has cancelled certificate of registration of 10 NBFCs

RBI has cancelled certificate of registration of 10 NBFC (Non Banking Financial Companies). NBFC work like a bank but they can not accept demand deposits (i.e. issue FDR) or issue cheques to its customers and offer deposit insurance facility to its depositors. Different types of NBFC are: 1. Equipment leasing company 2. Hire purchase company 3. Loan company 4.Investment company.

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RBI has cancelled certificate of registration of 10 NBFCs

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RBI has cancelled certificate of registration of 10 NBFCs