RBI cancels registration certificates of 8 NBFCs

The Reserve Bank has cancelled registration certificates of eight NBFCs after the companies surrendered their licences.

Eight NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank, RBI said in a release.

Those who surrendered their licenses include Jhunjhunu Investments, Amulya Leasing and Finance, Ankur Securities Private Limited and Dhanwan Securities among others.

"As such, the above companies cannot transact the business of a Non-Banking Financial Institution," RBI said.

In a separate release, RBI said it has cancelled certificate of registration of seven NBFCs including Raw Gold Securities, Springfield Vinimay, and Sirmour Holdings Private Ltd.