13 NBFCs to Surrender Their Licenses to RBI

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NEW DELHI:  RBI said these companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Six of them are Maharashtra based – M/s K & P Capital Services Ltd; M/s BFIL Finance Ltd; M/s Unique Pharmaceutical Laboratories Ltd; M/s Streamline Finance and Investment Pvt. Ltd; M/s Roopa Sona Leasing Private Limited; and M/s RBS Financial Services (India) Private Limited.

Two Delhi based NBFCs are M/s Sturdy Sales Private Limited; and M/s Summit Inport Services Limited.

Other NBFC are – Patna based M/s Paragon Securities Pvt. Ltd.; Jalandhar based M/s N. S. Hire Purchase Private Limited;  Kolkata based M/s HRG Finance and Investment Consultants Private Limited (Presently Utkal Realtors Private Limited); Indore based M/s Rajat Capital Market Private Limited; and Chennai based M/s Aashna Investments Private Limited.

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