MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release:
In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):
Name of the NBFC Registered Office Address CoR No. CoR issued on Name of the service provider (mobile app) M/s N.Y. Leasing Private Limited Plot No.-54A, Third Floor, Shiv Park, Near Old Palam Road, Sector-15, Dwarka, South West Delhi, Delhi-110078 CoR No.14.00300 March 06, 1998 Bardhaman Fintech Private Limited (Shine Loan App and Curry Cash App)
As such, the above company shall not, hereinafter, transact the business of a Non-...