RBI Pulls the Plug on 135 NBFCs in a Finance Fiasco

Hold onto your wallets! The RBI just pulled the plug on 135 non-banking finance companies, mostly from West Bengal. Many are saying goodbye after merging or just quitting the finance game. Companies like Express Fincap and Akshay Fiscal Services are taking a tumble in this wild finance rollercoaster.

Quick rundown

1.RBI cancels registration of 135 NBFCs.

2.Majority of affected NBFCs are based in West Bengal.

3.13 NBFCs voluntarily surrendered their licenses.

4.Forerunner Capital met criteria for unregistered CIC.

5.Mergers and exits reshape India's NBFC landscape.

RBI Cancels CoRs for 7 NBFCs, Smooth Moves in the Game
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Yo, listen up! Seven NBFCs just threw in the towel and surrendered their CoRs to the RBI, making some smooth moves outta the game. Guru Kripa, Gajraj, Ashok, and Purvanchal are done, while RR Holdings and Anjali Capfin slid into the unregistered lane. HDFC Holdings? They disappeared due to some legal mix-up. RBI also canceled 150 more CoRs but brought back Krishna Capfin, fo' shizzle!
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