NBFC License Canceled by RBI: What to Do?
NBFC License Canceled by RBI
From licensing to operations, the Reserve Bank of India (RBI) regulates various aspects of Non-Banking Financial Companies (NBFCs) across India. The comprehensive supervision enhances their transparency and keeps them on track from a legal standpoint. Over the years, NBFC norms have undergone various changes, only to become more stringent. The operational regulations, in particular, have become a matter of concern among NBFC entities. An event like an NBFC license canceled by RBI has become the new normal today, leaving most NBFCs in skepticism. This article delves into the reasons leading to license cancellation, immediate actions to take, and the viable steps to address the situation.
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