Housing finance co, 8 NBFCs reject registration certificates for RBI

Housing finance co, 8 NBFCs reject registration certificates for RBI

The NBFCs that have surrendered the CoRs are Morgan Stanley India Securities Pvt Ltd, Sankalp Granites Pvt Ltd, Yardley Investment and Trading Company Pvt Ltd, Shirdi Credit and Finance Pvt Ltd, Mangalam Softwares Pvt Ltd, Dholadhar Investments Pvt Ltd, Goodwill Financial Services Pvt Ltd and West Bengal Industrial Development Corpn Ltd.

Eight Non-Banking Financial Companies (NBFCs) and one housing finance organization have given up their endorsements of enrollment to RBI. The Mumbai-based Indie Homefin Pvt Ltd has given up the Certificate of Registration (CoR) truly by the National Housing Bank and the Reserve Bank of India (RBI) has thusly dropped the CoR, the national bank said in an assertion on Thursday. The eight NBFCs also can’t carry out the business of non-banking financial institutions.

Following the cancellation of the CoR, Indie Homefin cannot transact the business of a housing finance institution nor of a non-banking financial institution.

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