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RBI cancels registration of 7 NBFCs

The Reserve Bank of India has cancelled the registration certificates of 7 NBFCs. These include four in Kolkata (Nott Investments, Eden Trade & Commerce, Swetasree Finance and Dewra Stocks & Securities) and three in Delhi (Religare Finance, Artisans Micro Finance and RCS Parivar Finance). RBI said in a notification these companies cannot now carry out any transactions as NBFCs.

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