RBI cancels registration certificate of Hastah Finances

Mumbai, Oct 8 (UNI) The Reserve Bank of India (RBI) today cancelled the certificate of registration granted to Visakhapatnam-based Hastah Finances Limited for carrying on the business of a non-banking financial institution.

Following cancellation of the registration certificate, the Company cannot transact the business of a non-banking financial institution, a release issued by RBI said.

The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

UNI AR RN VKG1553