RBI cancels Reliance Petroinvestments Ltd's licence

Mumbai, Sep 23 (UNI) The Reserve Bank of India (RBI) today said it has cancelled the certificate of registration granted to M/s Reliance Petroinvetments Limited 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.

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