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RBI cancels 31 NBFC registrations
November 14 , 2018
2074 days
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- The Reserve Bank of India cancelled the certificate of registrations of as many as 31 Non-Banking Finance Companies (NBFCs) for unspecified reasons.
- A majority of 27 of the 31 companies which lost their licences are from West Bengal. It is followed by Uttar Pradesh, which has seen four NBFC licence cancellations.
- The NBFC sector is facing liquidity troubles following the non-payment of dues by the troubled infra lender IL&FS since late August of this year.
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