India, Sept. 18 -- The Reserve Bank of India (RBI) on Thursday said it has cancelled the certificate of registration of five non-banking finance companies (NBFCs), according to a release. Separately, the central bank said eight NBFCs have surrendered their licences due to various reasons, including exit from Non-Banking Financial Institution (NBFI) business.

The RBI has cancelled the licence of Dar's Financial Services, Rolta Holding and Finance Corporation, Vasudeo Securities, Parsoli Corporation, and A C Choksi Financial Services, as per the release. Further, Anupam Mercantile, Grand Motor and Finance, Sky Limit International Finance, and ASA International India Microfinance have surrendered their licence due to exit from NBFI business...