Free Press Journal

RBI cancels registration of 5 NBFCs

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Mumbai : The RBI has cancelled the certificate of registration of five non-banking finance companies, according to a press release.

The companies whose licences have been cancelled are Jahangirabad Fin Company Pvt Ltd, A H P Motor Finance Private Ltd, Onam Trading & Invstmnt Pvt Ltd, Arogya Dhan Varsha Finance & Investment Pvt Ltd and Protchem Finance Ltd. Separately, two other NBFCs—Savi Media World Ltd, formerly Fedder Tieup Private Ltd; and High Seas Traders Private Ltd—surrendered their licences, reports cogencis.