Reserve Bank Cancels Licences of Five NBFCs
Mumbai: The Reserve Bank of India (RBI) cancelled licences of five non-banking financial companies (NBFCs) including Unichem Finance & Enterprises Pvt.
The companies, all of which belong to Kolkata, cannot transact the business of non-banking financial institution, the apex bank said in a statement.
Other NBFCs included Shimansu Vyaparik Kendra Ltd, Shree Bhagwati Marketing Private Ltd and Sureka Teknik Private Limited.
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