ENA Sectors 2018-11-10 09:13:21 <p><strong>New Delhi, Nov 10 (KNN) </strong>The Reserve Bank of India (RBI) on Friday cancelled certificates of as many as 31 Non-Banking Financial Companies (NBFCs).</p> <p>In November, so far, certificates of 61 NBFCs have been cancelled.</p> <p>RBI said These companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.</p> <p>Of 31 NBFCs, RBI cancelled certificates of 27 companies from West Bengal.</p> <p>The rest of the 4 companies which have lost their license are from Uttar Pradesh.</p> <p>Without specifying a reason, RBI in a notification said It has cancelled the certificates of registration of as many as 31 NBFCs.</p> 21272 https://knnindia.co.in/news/newsdetails/sectors/rbi-cancels-certificates-of-as-many-as-31-nbfcs 2018-11-10 09:13:21 knnindia.co.in