RBI cancels 4 NBFCs, 4 surrender; fines The Co-operative Urban Bank

• RBI cancelled the registration certificates of four Non-Banking Financial Companies (NBFCs): Gem Investments & Trading Co Pvt Ltd, Vistar Financiers, Ambica Barter Pvt Ltd (all from West Bengal), and Shri Lakhavi Financial Services Limited (Chandigarh).
• Four other NBFCs surrendered their certificates: Yg Capital Limited (exiting NBFI business), Intell Invofin India Private Limited (meeting CIC criteria not requiring registration), Gangotri Commodities & Finvest Pvt Ltd, and Perkin Dealers Pvt Ltd (ceased to be legal entities due to amalgamation/merger/dissolution).
• The RBI also fined The Co-operative Urban Bank Limited, Parlakhemundi, Odisha, Rs 13,000 for non-compliance, specifically for incurring capital expenditure without prior approval and failing to submit customer credit information to credit bureaus.

Why It Matters: RBI's actions on NBFCs and a bank enforce financial sector compliance.