RBI Shakes Things Up for NBFCs and HFCs Handing Back CoR

Hey there! So, the Reserve Bank of India is shaking things up for those non-banking buddies looking to hand back their Certificate of Registration. If you’re an NBFC or HFC saying, 'I’m done with this!'—you gotta hop on the PRAVAAH portal and fill out a new form. But hold your horses! You still gotta play by the rules until they give you the thumbs up!