The Reserve Bank has cancelled the registration certificates of 35 non-banking financial institutions

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Reported by Sanchita chatterjee The Reserve Bank has cancelled the registration certificates of 35 non-banking financial institutions for failing to comply with regulatory guidelines.: The Reserve Bank has cancelled the registration certificates of 35 non-banking financial institutions for failing to comply with regulatory guidelines.


🔹The central bank has stated that these entities will no longer be permitted to conduct business as non-banking financial institutions.

🔹The Reserve Bank has advised the public to verify the regulatory status of financial institutions before engaging in any financial transactions.

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