RBI Cancelled the Certificate of the Six NBFC's

RBI Cancelled the Certificate of the Six NBFC's on 28th July 2014

RBI ( Reserve Bank of India) have been cancelled the registration of the Six NBFC's based in Delhi on 28th July 2014. The NBFC are the Non Banking Financial Companies and the Certification Registration has been cancelled by the RBI . Due to the Cancellation of the Registration they would not be able to conduct the Business of Non Banking Financial Institution.

The Six NBFC are of

1. GE Strategic Investments India
2. Profund Exports Private Limited
3. Two Brother Holding Company
4. Swank Services
5. Praxis Consulting and Information Services.
6. Credible Microfinance Limited

These are the Six NBFC s which are cancelled by the RBI and the RBI did not disclose the matter of to why they have been cancelled the certification of Registration.