RBI Cancels Registration of 16 NBFCs After Surrender of Licence

Reserve Bank of India has cancelled the Certificates of Registration (CoR) of sixteen Non-Banking Financial Companies (NBFCs) after they surrendered their licences. The cancellations were carried out under the powers granted to the central bank under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

According to the regulator, the companies either exited the Non-Banking Financial Institution (NBFI) business, met criteria that no longer required registration, or ceased to exist as legal entities due to corporate restructuring activities.

NBFCs Exiting the NBFI Business

Several NBFCs surrendered their registration after deciding to exit the non-banking financial business. Companies such as Rajyarekha Trade Pvt. Ltd, UBS Finance India Private Limited, Sri Bhabani Investments Pvt Ltd, Uni P2P Platform Private Limited, Nalwa Trading Limited, LKP Finance Limited (now known as Gyftr Limited), and IM+ Investments & Capital Private Limited fall under this category.

Following the surrender of their licences, the RBI cancelled their CoR in March 2026 after confirming that these entities had discontinued NBFC operations.

Entities Meeting Criteria for Unregistered CIC

Some companies had their registrations cancelled after meeting the criteria for being classified as unregistered Core Investment Companies (CICs), which do not require RBI registration.

These include Amin Finvest Holding Private Limited, Cellphone Credit and Securities India Private Limited, Cellcap Invofin India Private Limited, and Shishir Finstock Private Limited. Since these firms fulfilled the regulatory criteria applicable to unregistered CICs, their CoR was withdrawn.

Cancellations Due to Corporate Restructuring

Another set of NBFCs had their licences cancelled because they ceased to exist as separate legal entities due to amalgamation, merger, dissolution, or voluntary strike-off.

Companies in this category include Vinsan Brothers Pvt Ltd, HDFC Investments Limited, Nabsamruddhi Finance Limited, Mehul Finance and Investments Private Limited, and Vyaparavijayam Hire Purchase Private Limited.

The cancellation of licences in these cases reflects structural changes such as mergers or business closures that made their NBFC registration unnecessary.

Also Read: RBI Plans Board Governance Reforms to Shift Focus Toward Policy Oversight!

Conclusion

The cancellation of Certificates of Registration for these sixteen NBFCs reflects routine regulatory oversight by the Reserve Bank of India. Such actions ensure that only eligible and operational entities continue to remain registered under the NBFC framework, helping maintain transparency, compliance, and stability in India’s financial system.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.