New Delhi: The Reserve Bank of India (RBI) on Monday cancelled the certificate of registration (CoR) of New Delhi-based Datta Finance and Trading Private Limited after finding irregularities in its digital lending operations.

In its statement, the central bank said the non-banking financial company (NBFC) had violated guidelines related to outsourcing of financial services.

“The CoR has been cancelled by the RBI as the NBFC has violated guidelines on code of conduct in outsourcing of financial services in its digital lending operations,” RBI said in a statement.

The company was found outsourcing its core decision-making functions to service providers, which goes against RBI rules.

“The company violated the norms by outsourcing its core decision-making functions such as sourcing of cust

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