Five NBFCs lost their licence over alleged irregular lending practices
Thu, May 26, 2022 7:27 AM

Five NBFCs lost their licence over alleged irregular lending practices

A Flip by Farha
Get it on Google Play
Five non-banking financial companies (NBFCs) offering services through app-based platforms lost their certificates of registration (CoRs) on Wednesday.  

The Reserve bank of India RBI cited irregular lending activities as the reason for cancelling their CoRs. UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services are the NBFCs whose CoRs were cancelled.

More great flips

It’s not just investors watching the Fed

It’s not just investors watching the Fed

As 2024 began, Fed watchers thought it was a matter of when, not if, the U.S. central bank would cut interest rates. Four months into the year, most aren’t quite so optimistic: The Federal Reserve now is signaling that it’s in no rush to cut rates, thanks to a more resilient than expected U.S. economy and “sticky” inflation.But analysts and investors aren't alone in trying to predict.

Open Flip
Q1 US GDP shows surprise slowing and uncomfortable inflation

Q1 US GDP shows surprise slowing and uncomfortable inflation

U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September.Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department said in its advance estimate on Thursday.

Open Flip
Crocs Stock: Everything You Need to Know

Crocs Stock: Everything You Need to Know

Their shoes are controversial, but Crocs' (NASDAQ: CROX) business has been nearly flawless. The company has been able to control costs and grow the bottom line, but investors haven't seemed to notice.In this video, Travis Hoium shows everything you need to know about Crocs stock.*Stock prices used were end-of-day prices of April 20, 2024.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon