Taking a major action, the Reserve Bank of India (RBI) on Wednesday canceled the licenses of five NBFCs. The licenses of these companies were canceled due to irregularities and violations of rules. Companies whose licenses were canceled by the central bank used to offer loans through the app.
RBI Canceled 5 NBFC Licenses: The Reserve Bank of India has canceled the license of five Non-Banking Financial companies (NBFC) by taking major action against them. The license of these NBFCs was canceled by RBI due to irregularities and violations of rules. Companies whose licenses have been canceled by the Reserve Bank used to offer loans through the app.
Action was taken against these companies
It was told by the central bank that the licenses of UMB Securities Limited, Anashri Finvest, Chadha Finance, Alexcy Tracon, and Juria Financial Services have been canceled. Has gone. These companies used to offer loans to customers through different apps. Due to this, dozens of apps have also been banned.
This app is closed
These apps banned by RBI include loan mobile applications like Mrupee, Kush Cash, flycash, Moneed, wifi cash. Let us tell you that UBM Securities used to give loans through an app called FastApp Technology. Anashree Finvest used to offer loans through a mobile app named Mrupee, Kush Cash, Karna Loan flycash.
Delhi-based Chadha Finance used to offer loans through the mobile app of wifi cash. The Alexey Tracon service is known as Badabro Giga. Similarly, Jhuria Financial provides loans through apps called Momo, Moneed, Cash Fish, kredipe, Rupee Master, and Rupeeland.