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.
The weather pattern has changed rapidly in the last few hours in the country. Apart from Delhi-NC
Rohit Sharma won most T20I matches as Indian Captain: The second match of the three-match T20I se
The song ‘Sarke Chunariya,’ featuring actress Nora Fatehi and released in March 2026,
LSG star Digvesh Rathi gets a big punishment for 'notebook' celebration, BCCI imposes a hefty fine
Lucknow Super Giants spinner Digvesh Singh Rathi had to pay heavily for doing a 'notebook' celebr
Sunrisers Hyderabad needed nine runs in the last over. The ball was in the hands of Man of the Ma
On March 28, a powerful earthquake struck Myanmar. Its tremors were felt till Thailand, Vietnam,
New GST Rates: Answers to 10 questions arising from the decision of 5 and 12 percent GST, which directly affect the common man
The GST Council has made a historic reform in the rates of indirect taxes and has approved only tw
Indian Railway: Booking rail tickets is now easier, IRCTC made this big change
Indian Railways has made a big change in the matter of ticket booking. Under this new change, now
There has been a fierce fight in recent times between Gautam Adani, Jeff Bezos, and Louis Vuitton
Bollywood actress Parineeti Chopra and her husband-politician Raghav Chadha, are going to become
