The Reserve Bank of India (RBI) has taken major action against PC Financial Services Pvt Ltd for disobeying instructions. The central bank has canceled its certificate of registration. Now it will not be able to do any kind of transaction.
transaction ban
According to a report issued in this regard, "This action has been taken in exercise of the powers conferred under Section 45-IA (6) (iv) of the Reserve Bank of India Act, 1934. RBI issued a notice to M/s PC Financial Services Pvt Ltd. The Certificate of Registration (COR) has been cancelled. It will not transact as an NBFI since then. The RBI said in a statement issued by the RBI regarding this action. was found to be indulging in arbitrarily charging high-interest rates and other charges from its borrowers.
Action is taken for violation of rules
According to the report, the reason behind this action has been cited as the unauthorized use of the logo of the central bank and CBI and charging high-interest rates as well as violation of several rules. Let us inform you that PC Financial Services was primarily associated with mobile app-based lending operations through an app called 'CashBean'. The central bank said that the company's CoR has been canceled for violation of RBI guidelines on outsourcing and KYC.
Will not back down from nuclear attack if needed, a statement from Russia raised concern
Russia has made it clear that if necessary, it will not back down from carrying out a nuclear attack on Ukraine. Kremlin spokesman Dmitry Peskov has told CNN that if there is any kind of threat to
Covid-19: India is again among the top-3 most infected countries in the world, is this the sound of the fourth wave of Corona? learn
Corona has once again increased the concern of the country. Every day the figures of the infected are increasing rapidly. Alam is that India has once again joined the list of countries where a maximum
IND vs NZ ODI Series: Team India will now face New Zealand in the ODI series, know when and where to watch the match
India vs New Zealand: On the tour of New Zealand, the Indian team (Team India) won the three-match T20 series. Now he will try to win the ODI series here. The three-match ODI series between the two
Udaipur Murder Case: Big disclosure in Udaipur murder case - Ghaus Mohammad had taken 30 people to Pakistan, found this shocking evidence
Udaipur Murder Case: The SIT team probing the heinous murder of Kanhaiya Lal is coming to know about many startling facts during the investigation. According to knowledgeable sources, in the year
Chris Jordan: IPL 2023 Shock to Mumbai, Jofra Archer out of remaining matches, England's Yorker specialist becomes replacement
In IPL 2023, the match is to be played between Mumbai Indians and Royal Challengers Bangalore on Tuesday. However, Rohit's paltan has already suffered a major setback before this. Fast bowler, Jofra
Coal crisis: 10.77 GW reduced power supply in the country, cuts continue in many states
Due to the shortage of coal and rising heat, the power crisis in the country has deepened. The shortfall in supply this week was 5.24 GW on Monday, which reached 10.77 GW on Thursday. The reason for
Dunki Advance Booking: 'Dunki' rang in booking, figure crossed 4 crores, see the collection
Dunki Advance Booking: Shah Rukh Khan is ready to make a splash this year with the film 'Dunki'. After 'Pathan' and 'Jawaan', fans are excited to see him in a comedy role in 'Danky'. One example of
IND vs SA: 'One of the 10 best innings in Indian Test history', Gavaskar praised KL Rahul's century
Lokesh Rahul's brilliant century in the first Test match against South Africa was praised by the great batsman Sunil Gavaskar who termed this innings as one of the 10 best innings in the history of
India-UK: India launches visa scheme for UK youth, facility has started in New Delhi
The High Commission of India in the UK on Tuesday started the visa application process for British youth applying under the new Young Professionals Scheme (YPS). Similarly, the British High Commission
Kisan Samman Nidhi: PM Modi will release the 11th installment of Kisan Samman Nidhi today, check your name in the list like this
Garib Kalyan Sammelan will be held today at Ridge Maidan in Shimla to commemorate the completion of eight years of the Central Government. On this occasion, PM Modi will interact with the
