Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Rhino Finance Private Limited, a non-banking financial company, under Section 45-IA(6) of the RBI Act, 1934. The title of the release states that the action was taken because of irregular lending practices. This is a licence-style enforcement action that stops the NBFC from operating as a registered NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date