RBI cancels licence of 5 NBFCs
The Reserve Bank today cancelled licences of five non-banking financial companies (NBFCs), including Unichem Finance & Enterprises Pvt.
The companies, all of which belongs to Kolkata, cannot transact the business of non-banking financial institution, RBI said in a statement.
Other NBFCs are Shimansu Vyaparik Kendra Ltd, Shree Bhagwati Marketing Private Ltd, Sureka Teknik Private Limited.
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First Published: Sep 02 2014 | 8:55 PM IST