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RBI cancels registration certificate of Acemoney (India) Ltd due to irregu
Updated : 2 years ago IST
The decision to revoke the CoR was made in light of the company's violations of RBI guidelines on risk management and code of conduct in outsourcing financial services, particularly in its digital lending operations conducted through various third-party apps.
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RBI cancels registration of five NBFCs due to irregular lending practices
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], May 25 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices.
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