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In the financial year 2023, the Reserve Bank of India (RBI) canceled the Certification of Registration (CoR) of 17 Non-Banking Financial Companies (NBFCs) under Section 45-IA of the RBI Act, 1934. This trend of decreasing NBFCs has been observed over...
A money lender is an individual or business that lends small amounts of money at higher interest rates compared to banks. Due to the high risk of default, these lenders charge higher rates. Individuals who are in urgent need of money but lack access ...