Nine NBFCs surrender certificate of registration PSU Watch
News Updates

9 NBFCs surrender certificates of registration

Nine NBFCs, including Ujjivan Financial Services, have surrendered their certificate of registration (CoR) to RBI

PTI

New Delhi: The Reserve Bank of India (RBI) on Tuesday said nine non-banking financial companies, including Ujjivan Financial Services, have surrendered their certificate of registration (CoR) to the central bank.

PSU Watch is now on Whatsapp Channels. Click here to join

Of these, five non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution business. These NBFCs are Vigfin Holdings, Strip Commodeal, Allium Finance, Eternite Finvest, and Fino Finance.

The apex bank said three NBFCs, namely Allegro Holdings, Temple Trees Impex and Investment, and Hem Financial Services, have surrendered their certificates after meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration.

Ujjivan Financial Services Ltd surrendered the CoR as it ceased to be a legal entity due to amalgamation.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

HAL issues clarification on reports concerning ALH Helicopters

EIL completes mechanical work of India’s 1st bamboo-based biorefinery in Assam

Stock markets rally in early trade tracking firm global trends amid hopes of rate cut by US Fed

NGEL to set up green hydrogen fuelling station at VOC Port under new MoU

India’s first SAF Conclave & Awards 2025 set to bring global spotlight on sustainable aviation