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The Reserve Bank of India (RBI) has cancelled the certificate of registration of seven non-banking finance companies (NBFC), three from Chhattisgarh, two each from Karnataka and Madhya Pradesh. Separately, the central bank has said that 14 NBFCs have surrendered their certificate of registration (CoR), including L&T Infrastructure Development Projects Limited.
The NBFCs whose permits were cancelled were Coorg Tea Company, Trimurthi Finvest, East West Finvest India, J.V.Modi Securities, K K Patel Finance, Purvi Finvest, and Genfin Capital Pvt Ltd.