RBI cancels registrations of 150 NBFCs; around 67 firms from Delhi, 75 from West Bengal

The Reserve Bank of India has cancelled the registration of 150 Non-Banking Financial Companies. The highest number of affected firms are registered in Delhi and West Bengal. These companies can no longer conduct financial business. This action impacts lending, leasing, and investment activities. The RBI has taken this step under the RBI Act, 1934.