New Delhi: The Reserve Bank of India (RBI) on Friday said nine Non-Banking Financial Companies (NBFCs), including PhonePe Technology Services and Aditya Birla Finance, have surrendered their certificate of registration due to various reasons.
In another release, the central bank said it has cancelled certificate of registration (CoR) of 31 NBFCs.
PhonePe Technology Services Private Limited surrendered its CoR following exit from Non-Banking Financial Institution (NBFI) business.
Aditya Birla Finance surrendered the certificate after amalgamation with parent company.
The RBI also said the CoR issued to RBG Leasing and Credit Private Limited and Yashila Investment and Finance Company Private Limited has been restored after considering the orders passed by the Appellate Authority/Courts.
The central bank advised the two NBFCs to adhere to the applicable provisions and guidelines/directions, including reporting requirements.
(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.)