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RBI cancels certificate of registration of seven NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of seven non-banking finance companies. These include Malpani Financial Services Private Limited, Vishav Dealer Private Limited, U K Fin Services Limited, Prabhat (India) Limited, Compusta Securities Private Limited, Harshant Investments Private Limited and Sajjan Commercial Enterprises Ltd.
These companies shall not transact the business of a non-banking financial institution, the RBI said in a press release on October 29. The central bank has been tightening monitoring and scrutiny of non-banking firms over the years as these companies are considered high-risk in nature and more prone to shocks during an economic downturn.
In 2018 November, the RBI had cancelled the registration of 33 NBFCs. In January 2019, the RBI cancelled licences of 32 NBFCS and in May, 2020, the regulator cracked the whip on 14 NBFCs.
Many NBFCs faced a liquidity crunch after the 2018 IL&FS crisis and later the DHFL episode. Banks turned wary of taking further exposure to NBFCs and money markets favoured only top-rated companies.
NBFCs are engaged in various lending activities and mainly source money from banks and money markets. These firms lend to real estate companies and also give gold and housing loans, among other products.
The RBI said two NBFCs have surrendered their certificate of registration. These are Hyderabad-based Snehalata Finance Limited and Kanpur-based Jagran Media Network Investment Private Limited.
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Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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