The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 150 Non-Banking Financial Companies (NBFCs) across India. The highest number of cancellations occurred in West Bengal (75) and Delhi (67), followed by states like Telangana, Karnataka, and Madhya Pradesh. These companies are now prohibited from conducting any financial business under the RBI Act. However, the RBI also issued a circular providing relief to certain NBFCs with assets below ₹1,000 crore that do not accept public deposits. https://zeenews.india.com/marathi/india/rbis-big-action-canceled-the-registration-of-150-non-banking-finance-companies/1008429 #creator program