Mumbai, Dec 11 (PTI) The Reserve Bank of India (RBI) on Thursday cancelled the certificate of registration of four non-banking financial companies (NBFCs) from West Bengal and Chandigarh.

These include West Bengal-based Gem Investments & Trading Co Pvt Ltd, Vistar Financiers and Ambica Barter Pvt Ltd, and Chandigarh-based Shri Lakhavi Financial Services Limited, as per a statement.

The action has been taken as per powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, it said.

Four other NBFCs surrendered their certificates, including Yg Capital Limited, due to exit from Non-Banking Financial Institution (NBFI) business, Intell Invofin India Private Limited for meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not requ

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