Why RBI cancels 1,851 NBFCs permits in FY19?

Why RBI cancels 1,851 NBFCs permits in FY19?: There is a strict compliance mandate for NDFC, from RBI to follow the norms set by the Reserve bank of India in crushing the shadow finance sector as the number of lenders plunges to 10-year low, has led to increasing permit cancellation.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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