RBI Exits Low-Risk NBFCs

The Reserve Bank of India has introduced an exit policy for low-risk non-banking financial companies, allowing them to voluntarily surrender their certificates of registration.
This move is expected to help such companies exit the market in an orderly manner.
- The policy involves certain conditions and requirements that must be met, including the company having no outstanding debts or liabilities, and having a net worth of zero or less.
- The company must also have obtained a no-objection certificate from all its creditors, and must have published a notice in a newspaper stating its intention to exit the market.