RBI revokes registration of 4 NBFCs, accepts surrender of 13, for compliance and stability.

The Reserve Bank of India (RBI) has revoked the registration of four non-banking financial companies (NBFCs) and accepted the surrender of 13 others. This action aims to ensure compliance and stability in the financial sector. Reasons for cancellation and surrender include companies exiting the NBFC business, failure to meet registration criteria, and legal dissolution. Affected companies are from various states, including Tamil Nadu and West Bengal.