RBI Cancels Registration of 150 NBFCs

RBI on May 14, 2026 cancelled the Certificate of Registration of 150 NBFCs under Section 45‑IA(6) of the RBI Act.
Cancellation orders were issued on April 6‑7, 2026 for each listed entity, prohibiting them from NBFC business.
The listed companies span multiple states, with CoR numbers and issue dates ranging from 1998 to 2018.
The action removes a sizable chunk of NBFCs from the financial system, affecting the NBFC sector’s market depth.