RBI Cancels 13 NBFC Registrations; Ten Others Surrender Licences
⏱ 1 min read1d ago👁 0 views
RBI cancelled registrations of 13 non-banking financial companies, while ten others surrendered licences, reinforcing accountability in financial services; companies losing registration can no longer conduct regulated non-banking financial business activities.
RBI cancelled registrations of 13 non-banking financial companies, while ten others surrendered licences, reinforcing accountability in financial services; companies losing registration can no longer conduct regulated non-banking financial business activities.
Vocabulary
accountability▾
accountability
- Financial companies need accountability.
- Audits strengthen accountability.
- Managers must accept accountability.
- Accountability protects public trust.
#RBI#NBFCs#registration cancellation#financial regulation#licences
Source:Moneycontrol
)