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. The CoR of […]
Tag: fair practice code rbi guidelines
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