Case Brief
The Reserve Bank of India cancelled the Certificate of Registration (CoR) of X10 Financial Services Limited, which is identified as a non-banking financial company. The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The provided release body does not specify detailed findings, though the title indicates irregular lending practices as the reason.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date