Finance

NBFC: RBI cancels certificate of registration of 3 NBFCs

The Reserve Bank of India on Thursday said it has canceled certificate of registration (CoR) of three NBFCsincluding two housing finance companies.

In another statement, it said two Non-Banking Financial Companies (NBFCs) have surrendered their certificate of registration.

CoR of Noida-based Malik Motor Finance Limited has been canceled.

Housing finance companies whose registrations have been canceled are — Aizawl-based North East Region Housing Finance Company Limited and Gurgaon-based Aryarth Housing Finance Limited.

NBFCs which surrendered the CoR granted to them by the RBI are — Ernakulam-based Empower India Capital Investments Private Limited and Kolkata-based Mangalmayee Garments Private Limited (presently known as Abhijeet Ferrotech Limited).

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