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The Reserve Bank of India on Monday said it has cancelled the certificate of registration (CoR) of six Delhi-based non-banking financial companies (NBFCs).
According to an RBI statement, the NBFCs, whose CoR has been cancelled, are GE Strategic Investments India, Profound Exports Pvt Ltd, Two Brothers Holding Ltd, Swank Services Pvt Ltd, Praxis Consulting and Information Services Pvt Ltd, and Credible Microfinance Ltd formerly known as Credible Securities & Finance Pvt Ltd.
Following cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution, the statement said.
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