CID warn about transactions with 31 non-banking firms

The RBI has issued cancellation orders pertaining to 31 non-banking financial companies based in Hyderabad and elsewhere in Telangana, the police warned today.
The Crime Investigation Department (CID) of Telangana police today said in a release that people should not enter into any financial transactions with these entities.
These companies are: Yukta Finance Private Limited, Emergy Finance & Investments Limited, Sri Hire Purchase & Finance Limited, Margadarsi Investment & Leasing Company Private Limited, Vishnu Finance and Investment Private Limited, HCG Investment & Impex Limited, Avyaya Finance Limited, SriHire Purchase & Finance Limited, DSL Finance Private Limited, BNR Udyog Limited, Nano Financial Services India Pvt Ltd, Bambino Finance Pvt Ltd, M/s GN Vasavi Finance Ltd, Shubham Financial Services Limited, Chenai Financeco Limited, RR Finance and Projects Ltd, Sri Mahalakshmi Finance Services Ltd, Maruti Securities Ltd, Proddutur Investments Ltd, Magnil Finance & Hire Purchase Pvt Ltd, Suryalaxmi Securities Ltd, Bhavya Capital Services Ltd, Seagull Leafin Ltd, GN Vasavi Finance Ltd, Seghal Leasing & Investments Ltd, Vikrant Investments & Impex Ltd, Margadarshi Finance session (P) Ltd, Cyclo Investments Pvt. Ltd and Naryen Finance and Investments Ltd (all based in Hyderabad), the release said.

Elsewhere, licenses of following companies have been cancelled: Siri Auto Financiers Private Limited (Khammam District), Sriman Sai Securities & Investments Finance Ltd (Karimnagar District), it said.