RBI cancels UP Motor, General Finance Company's registration

Mumbai, June 25 (UNI) The Reserve Bank of India (RBI) today announced that it has cancelled the certificate of registration granted to New Delhi-based Non-Banking Financial Institution U P Motor and General Finance Company Private Limited (GFCPL).

The central bank issued its order for cancellation of certificate of the NBFC on June 6, RBI said in a release here today.

The U P Motor and GFCPL cannot transact the business of NBFC henceforward, following cancellation of its certificate, the release added.

UNI