March 30, 2016 8:03 AM

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RBI cancels registration of 22 NBFCs

Reserve Bank of India has canceled registration of 22 non-banking finance companies (NBFCs) including Amazan Capital and Mascot Commerce. In a statement, RBI said, these companies now cannot transact the business of a non-banking financial institution.These companies include Kundan Leasing and Finvest, Raseera Investments, Limtex Impex, Dignity Motors Finance, Akansha Consultancy Services, Bini Commercial Enterprises, Nirankar Investments, and Surin Investments. Earlier this month, the RBI had canceled registration of six other NBFCs.

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