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.)

Regulatory clash brews as IOC officers, unions resist PNGRB’s open-access push for petroleum pipelines

HUDCO to provide Rs 1 lakh crore support for urban development projects in MP

RITES secures Rs 46.82 crore turnkey contract for college infrastructure projects in Karnataka

THDCIL’s HRD Centre recognised as ‘Centre of Excellence’ by SHRM India

NHAI to bid out 124 road projects worth Rs 3.4 lakh crore in FY26