RBI cancels licence of 5 NBFCs

Tags: News
The Reserve Bank today cancelled licences of five non-banking financial companies (NBFCs), including Unichem Finance & Enterprises Pvt.

The companies, all of which belongs to Kolkata, cannot transact the business of non-banking financial institution, RBI said in a statement.

Other NBFCs are Shimansu Vyaparik Kendra Ltd, Shree Bhagwati Marketing Private Ltd, Sureka Teknik Private Limited.

EDITORIAL OF THE DAY

  • India’s commercial links with Britain since Company Raj will still prosper

    There is little point in shedding tears over Britain’s exit from the European Union (EU).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Regimenting art runs counter to a creative society

For poetry makes nothing happen,” so said American poet WH ...

Zehra Naqvi

Of traitors & cadavers

There’s nothing like a book that arrests you from the ...

Dharmendra Khandal

Why drone technology doesn't work

Poaching and anti-forestry activities are a problem for forest departments ...