The Reserve Bank said it has cancelled Certificate of Registration (CoR) of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.

Non-Banking Financial Companies (NBFCs) whose CoR stands cancelled are: UMB Securities Ltd, Anashri Finvest, Chadha Finance, Alexcy Tracon, and Jhuria Financial Services.

It further said these companies were also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes.

Reported Standalone quarterly numbers for V-Mart Retail are:

Net Sales at Rs 458.78 crore in March 2022 up 30.38% from Rs. 351.87 crore in March 2021.

EBITDA stands at Rs. 53.12 crore in March 2022 up 40.12% from Rs. 37.91 crore in March 2021.

V-Mart Retail shares closed at 3,277.30 on May 25, 2022 (NSE) and has given -17.47% returns over the last 6 months and 18.05% over the last 12 months.

Reported Standalone quarterly numbers for Suprajit Engineering are:

Net Sales at Rs 356.23 crore in March 2022 up 2.73% from Rs. 346.76 crore in March 2021.

EBITDA stands at Rs. 60.51 crore in March 2022 down 17.04% from Rs. 72.94 crore in March 2021.

Suprajit Eng EPS has decreased to Rs. 2.77 in March 2022 from Rs. 3.49 in March 2021.

Reported Standalone quarterly numbers for Kothari Petrochem are:

Net Sales at Rs 110.51 crore in March 2022 up 55.58% from Rs. 71.03 crore in March 2021.

EBITDA stands at Rs. 12.19 crore in March 2022 up 10.92% from Rs. 10.99 crore in March 2021.

Kothari Petro EPS has increased to Rs. 1.19 in March 2022 from Rs. 1.09 in March 2021.