The Reserve Bank cancelled the registration certificates of five non-banking financial companies (NBFCs) while two surrendered their certificate to the central bank.
The entities whose certificates were cancelled are Simco Consultants, Lunkad Securities, Rajvir Marketing and Investment, Crystal Investments, and Shri Jaya Investments Agency.
The NBFCs which surrendered the certificate are Texas Resources and Vivek Vyapar.
These seven entities cannot transact the business of a non-banking financial institution.