Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of five NBFCs: SKLS Finance Pvt. Ltd., B.K.T. Finance Ltd., K.K.P. Credits Pvt. Ltd., M.C.T. Finance Pvt. Ltd., and Thanjavur Investment Ltd. The action was taken under Section 45-IA(6) of the RBI Act, 1934, for carrying on the business of a non-banking financial institution. Following cancellation, these companies are not permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date