RBI cancels registrations of five NBFCs for predatory lending practices
RBI cancelled the Certificate of Registration (CoR) issued to 5 Non-Banking Financial Companies (NBFCs) for irregular lending practices.
Source: medianama.com
Page 9 - Fair Practices Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Fair Practices Code. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Fair Practices Code Today - Breaking & Trending Today
RBI Cancels Registration of 5 NBFCs for Violation of Lending Norms
The non-bank lenders whose registrations were cancelled by the RBI include UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services.
Source: thewire.in
Loan Apps: RBI Cancels Registration of 5 NBFCs for Irregular Lending Practices
The Reserve Bank of India (RBI) cancelled certificate of registration (CoR) of five non-banking financial companies (NBFCs) for violating norms related to outsourcing and fair practices code in their digital lending operations.
Source: moneylife.in
RBI cancels Certificate of Registration of five NBFCs due to irregular lending practices
"These companies were also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes," RBI added.
Source: businesstoday.in
Registration of five NBFCs canceled by RBI due to irregular lending practices
Registration of five NBFCs canceled by RBI due to irregular lending practices - The CoR have been cancelled on account of violation of RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations.
Source: dnaindia.com