RBI Cancels 13 NBFC Registrations; Ten Others Surrender Licences
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RBI cancelled registrations of 13 non-banking financial companies, while ten others surrendered licences, reinforcing accountability in financial services; companies losing registration can no longer conduct regulated non-banking financial business activities.
RBI cancelled registrations of 13 non-banking financial companies, while ten others surrendered licences, reinforcing accountability in financial services; companies losing registration can no longer conduct regulated non-banking financial business activities.
Vocabulary
accountability▾
accountability
- Financial companies need accountability.
- Audits strengthen accountability.
- Managers must accept accountability.
- Accountability protects public trust.
#RBI#NBFCs#registration cancellation#financial regulation#licences
Source:Moneycontrol
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