ENA Sectors 2019-01-11 06:55:18 <p><strong>New Delhi, Jan 11 (KNN) </strong>In the start of Year 2019, Reserve Bank of India (RBI) has cancelled the certificates of as many as 77 Non-Banking Financial Companies (NBFCs).</p> <p>RBI cancelled certificates of registration of total number of 45 NBFCs on January 8, 2019. Out of these 45 NBFCs whose registrations were cancelled, 28 NBFCs were from West Bengal, 4 were from New Delhi, 6 from Gujarat, 2 from Kerala, 1 from Telangana, 2 from Chennai and rest 2 from Uttar Pradesh.</p> <p>In addition, 32 more registrations of NBFCs have been canceled on January 10, 2019 by RBI. Of these 32 NBFCs, RBI cancelled certificates of 9 companies from West Bengal, 14 companies from Mumbai, 3 companies from Delhi, 2 companies from Haryana and 4 from Pune.</p> <p>RBI said the companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.</p> 21774 https://knnindia.co.in/news/newsdetails/sectors/rbi-cancels-as-many-as-77-nbfcs-in-the-start-of-year-2019 2019-01-11 06:55:18 knnindia.co.in