ENA Sectors 2019-02-13 07:26:55 <p><strong>Mumbai, Feb 13 (KNN) </strong>The Reserve Bank of India (RBI) this week cancelled the certificates of registration of as many as 32 Non-Banking Financial Companies (NBFCs).</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 32 NBFCs, RBI cancelled certificates of 14 companies from West Bengal, 6 companies from Mumbai, 5 from Gujarat, 3 from Delhi and 1 from Rajasthan, Himachal Pradesh, Jharkhand and Nagpur.</p> <p>The NBFCs are registered under the Companies Act, 1956 and deals in the business of loans and advances, investments in bonds/shares/debentures/stock and other marketable securities. <strong>(KNN/YV)</strong></p> 22041 https://knnindia.co.in/news/newsdetails/sectors/rbi-cancels-certificates-of-32-nbfcs 2019-02-13 07:26:55 knnindia.co.in