The Hindu Business Line : RBI cancels NBFC registration

HYDERABAD: The Reserve Bank of India (RBI) has cancelled the certificate of registration granted to Girija Investments Pvt Ltd, the city-based company having its registered office in Dwarakapuri Colony, for carrying on the business of a non-banking financial institution.

In a press release, the RBI said the action was taken while invoking powers conferred to it under the RBI Act 1934. Following cancellation of registration, Girija Investments cannot transact the business of a non-banking financial institution.

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