Case Brief
The Reserve Bank of India cancelled the Certificate of Registration (CoR) of Star Finserv India Limited under Section 45-IA(6) of the Reserve Bank of India Act, 1934. Star Finserv India Limited is a non-banking financial company (NBFC). The title says the cancellation was due to irregular lending practices, but the body text supplied only expressly records the cancellation and the legal provision invoked.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date