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    HomeNewsBusinessCompaniesRBI cancels NBFI registration certificate of Maruti Sec

    RBI cancels NBFI registration certificate of Maruti Sec

    The Reserve Bank today said it has cancelled Maruti Securities' registration certificate for carrying on business of a non-banking financial institution (NBFI).

    August 10, 2012 / 20:51 IST

    The Reserve Bank today said it has cancelled Maruti Securities' registration certificate for carrying on business of a non-banking financial institution (NBFI).


    "The Reserve Bank of India has on June 13, 2012 cancelled the certificate of registration issued to Maruti Securities Limited...for carrying on the business of a non-banking financial institution as the company has voluntarily exited from carrying on NBFI activities," RBI said in a notification today.


    With the powers conferred under the Reserve Bank of India Act, 1934, the apex bank can cancel the registration certificate of a non-banking financial company.

    first published: Aug 10, 2012 08:47 pm

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