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RBI cancels licence of two Kolkata-based NBFCs

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Press Trust of India Mumbai
Last Updated : Oct 07 2014 | 8:30 PM IST
The Reserve Bank has cancelled licences of two Kolkata-based non-banking financial companies (NBFCs).
"RBI cancels certificate of registration of S B Overseas Pvt Limited and Odyssey Dealcom Pvt Limited," the apex bank said in a notification.
RBI said it cancelled the certificate of registration of these NBFCs for carrying on the business of non-banking financial institution.
"Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution," it added.

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First Published: Oct 07 2014 | 8:30 PM IST

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