The Hindu Business Line : RBI cancels NBFC licences in AP

HYDERABAD: The Reserve Bank of India has cancelled the certificate of registration issued to Mahatma Securities India Ltd, having its registered office at Karimnagar for carrying on the business of a non-banking financial institution.

The apex bank has also announced that it has cancelled the certificate of registration issued to Icon Securities India Ltd, located in Sivalahari Apartments, Himayatnagar here. Icon Securities also has operations at Jagtial in Karimnagar district.

The RBI has also announced that it has cancelled the certificate of registration issued to Vinayaka Sai Finvest Ltd, another non-banking financial institution with operations at Khaleelwadi in Nizamabad, Jawahar Road in Nizamabad and Divyashakti Apartments, Ameerpet at Hyderabad.

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