MUMBAI: RBI Announces NBFC Registration Surrenders
On Tuesday, the Reserve Bank of India (RBI) made an announcement that nine Non-Banking Financial Companies (NBFCs), including Ujjivan Financial Services, have surrendered their certificate of registration to RBI.
Out of the nine NBFCs, five have surrendered their CoR as they have exited from the non-banking financial institution business. Additionally, RBI mentioned that three NBFCs – Allegro Holdings, Temple Trees Impex and Investment, and Hem Financial Services – have surrendered their certificates after meeting the criteria prescribed for unregistered core investment companies that do not require registration.
