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With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added.
RBI cancels registration certificate of P C Financial Services operating 'Cashbean' app
Commerce and Industry Minister Piyush Goyal said called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan.
The Reserve Bank of India (RBI) on February 24 cancelled the registration of fintech startup, Cashbean for flouting a slew of norms.
The Enforcement Directorate (ED) today said a competent authority under the Foreign Exchange Management Act (FEMA) has seized Rs 288 crore funds of a “Chinese-owned” non-banking financial company (NBFC).