Regulatory Action
The Reserve Bank of India, exercising powers under Section 45‑IA(6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) of 135 entities that were operating as Non‑Banking Financial Companies (NBFCs). The cancellation orders were issued between 6 April 2026 and 26 May 2026. Each affected entity is prohibited from transacting the business of an NBFC as defined in clause (a) of Section 45‑I of the RBI Act.
The press release provides a detailed tabulation of the affected companies, their registered office addresses, CoR numbers, dates of CoR issuance, and the specific cancellation order dates. A representative excerpt of the table is shown below; the full list of 135 NBFCs is reproduced verbatim in the original release.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Cancellation Order Date |
| 1 | Express Fincap House Private Limited | Old UBI Building, 1st Floor, A T Road, Tinsukia 786125 | B.08.00197 | March 29, 2016 | April 6, 2026 |
| 2 | Akshay Fiscal Services Ltd | 3, Mangoe Lane, 2nd Floor, Kolkata, West Bengal, India, 700001 | B.05.00016 | December 02, 1998 | May 5, 2026 |
| 3 | Alfa Tie‑Up Private Limited | 52 Weston Street, Kolkata, West Bengal, India, 700012 | B.05.05883 | November 30, 2003 | May 5, 2026 |
| 4 | Arihant Enterprises Ltd | Stephen House, 56e, Hemanta Basu Sarani Flat No.37a, 2nd Floor, Kolkata, West Bengal, India, 700001 | B.05.01853 | June 09, 1998 | May 5, 2026 |
| 5 | Destiny International Limited | 3/4, 75c, Park Street, 3rd Floor, Kamdhenu Building, Park Street, Kolkata, West Bengal, India, 700016 | B.05.02465 | November 19, 1998 | May 5, 2026 |
| … | … | … | … | … | … |
| 135 | Citiwide Financial Services Limited | 207, Diamond Towers, S D Road, Hyderabad, Secunderabad, Telangana‑500003 | 09.00077 | March 11, 1998 | May 26, 2026 |
Note: The ellipsis (…) indicates continuation of the list as presented in the original circular; all 135 entries contain the same columns of information.
Concluding Remarks
The RBI’s action underscores its strict enforcement of the regulatory framework governing NBFCs. By revoking the CoRs, the central bank ensures that entities which fail to meet prescribed standards cease NBFC operations. The press release, signed by Chief General Manager Brij Raj, serves as the official notification of these cancellations.