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New Delhi, June 11

The Reserve Bank of India has cancelled Lease Plan’s registration certificate as a non-banking financial company (NBFC) and has approved its status as an operating lease company.

LeasePlan India would no longer be guided by the NBFC requirements from now. “This is a positive move that better reflects our business, allows us greater flexibility in operations and strengthens our growth plans,” said a company stateme nt.

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