As many as four non-banking finance companies (NBFCs) have surrendered their registration certificates to Reserve Bank of India (RBI), while the regulator cancelled the registration of four other NBFCs. The reasons for these exits include voluntary discontinuation of business, meeting the criteria for unregistered core investment companies (CICs) that are exempt from registration and ceasing to exist as legal entities due to amalgamation, merger, dissolution, or voluntary strike-off. RBI has cancelled registrations of Gem Investments & Trading Co Pvt Ltd, Vistar Financiers Pvt Ltd and Ambica Barter Pvt Ltd from West Bengal and Shri Lakhavi Financial Services Ltd, listed as Zenlabs Ethica Ltd on the government portal from Chandigarh. RBI has not given any specific reason for th

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