RBI cancels registration of 4 NBFCs

The Reserve Bank of India has cancelled the certificate of registration of four non-banking financial companies.

No details were given by the apex bank for cancellation of the certificates of these firms.

4 NBFCs are

Goyal Commercial Pvt Ltd and First Debt Management Co. of India Ltd are the NBFCs belonging to Kolkata, while Nostalgia Finvest Private Limited and Narad Realtors Private Limited belong to Mumbai.

The registration certificate of these NBFCs were cancelled in November and December of 2015.

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