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

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture