Certificate of registration of Chennai-based Emcorp Finance was cancelled on 3rd December, while that of Coimbatore- based Care Credit and Investments Company was cancelled on 10th December
Mumbai: The Reserve Bank of India (RBI) said it has cancelled registration of two non-banking financial companies (NBFCs)-- Emcorp Finance Ltd and Care Credit and Investments Company Pvt Ltd, reports PTI.
"Following cancellation of the registration certificate the companies cannot transact the business of a non-banking financial institution," the RBI said.
Certificate of registration of Chennai-based Emcorp Finance was cancelled on 3rd December, while that of Coimbatore- based Care Credit and Investments Company was cancelled on 10th December.
The RBI, however, did not provide reasons behind cancellation of the certificates of registration.
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