Exclusive : RBI to revoke fraudulent license-related license; Show cause notice

The banking regulator, the Reserve Bank of India (RBI), has issued a show cause notice before canceling the license of fraudulent Sambandh Finserve Pvt Ltd, as it has deteriorated beyond the regulatory minimum and financial condition in recent months Networth has deteriorated, two people directly familiar with the development. One of the individuals quoted above …

Exclusive : RBI to revoke fraudulent license-related license; Show cause notice Read More »