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RBI cancels Reliance Petroinvestments licence

By Staff

| Published: Tuesday, September 23, 2008, 14:07 [IST]

Mumbai, Sep 23: The Reserve Bank of India (RBI) on Monday, Sep 22 said it has cancelled the certificate of registration granted to M/s Reliance Petroinvestments Limited(RPL) for carrying on the business of a non-banking financial institution. The licence was cancelled on August eight, as the company had opted to exit from the business of a non-banking financial institution, RBI said in a release here.

RBI has also cancelled the certificate of registration granted to M/s Chartered Finance Management Limited for carrying on the business of a non-banking financial institution as the company had opted to exit from the business of a non-banking financial institution.

UNI