Rbi Cancels Five Nbfc Licenses Linked To App-based Lenders | Mint - Mint

This marks the second such step by the central bank after app-based lenders were accused of using unfair recovery means and charging usurious interest from borrowers

MUMBAI : The Reserve Bank of India (RBI) on Wednesday cancelled certificates of registration of five non-bank financiers citing violation of guidelines on outsourcing and fair practices code in thei… [+2230 chars]

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