Document title: RBI Cancels Registrations of 192 NBFCs
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/676
Date: July 15, 2026
Regulatory and Policy Measures
The Reserve Bank of India, exercising the powers conferred under Section 45‑IA(6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) of 192 entities classified as Non‑Banking Financial Companies (NBFCs). The cancellation orders were issued on various dates ranging from 1 June 2026 to 15 June 2026. Each entry in the list provides the company name, registered office address, CoR number, original CoR issuance date, and the specific cancellation order date. The companies are located across multiple jurisdictions, including West Bengal (Kolkata), Maharashtra (Mumbai, Satara), Delhi, Karnataka, Gujarat, Tamil Nadu, Uttar Pradesh, and others. The cancellation is effective immediately, and the entities are prohibited from transacting any business that falls under the definition of an NBFC as per clause (a) of Section 45‑I of the RBI Act.
Banking and Credit
By revoking the CoR, the RBI removes the legal authorisation of the listed NBFCs to accept deposits, extend credit, or engage in any other NBFC‑related activities. Existing financial arrangements, loan portfolios, and deposit liabilities of these entities must be wound down in accordance with applicable insolvency and bankruptcy provisions. The action is intended to safeguard the stability of the financial system by preventing unregulated NBFC operations.
No material information is present for macroeconomic outlook, policy rates, external sector, capital markets, or financial inclusion; therefore those sections are omitted.
The cancellation underscores RBI’s commitment to enforce regulatory compliance among NBFCs and to maintain the integrity of the credit ecosystem.