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RBI cancels 4 NBFCs license

The Reserve Bank of India has cancelled registration certificates of four non-banking financial companies. The firms are BNP Paribas India, Bhageriya Financial and Capital Services, Hyderabad, Kenny Commercial & Investment, Jammu and Rosemount Financial Services, Mumbai. BNP Paribas said it is cancelling the license on is its own in view of BNP Paribas India Holding Company being classified as an exempt core investment company which does not access public funds.

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