RBI cancels certificate of registration of 3 NBFCs

The Reserve Bank of India on Thursday said it has cancelled certificate of registration (CoR) of three NBFCs, including two housing finance companies.

Mumbai: The Reserve Bank of India on Thursday said it has cancelled certificate of registration (CoR) of three NBFCs, including two housing finance companies. In another statement, it said two Non-Banking Financial Companies (NBFCs) have surrendered their certificate of registration.

CoR of Noida-based Malik Motor Finance Limited has been cancelled. Housing finance companies whose registrations have been cancelled are -- Aizawl-based North East Region Housing Finance Company Limited and Gurgaon-based Aryarth Housing Finance Limited.

NBFCs which surrendered the CoR granted to them by the RBI are -- Ernakulam-based Empower India Capital Investments Private Limited and Kolkata-based Mangalmayee Garments Private Limited (presently known as Abhijeet Ferrotech Limited). (PTI)