RBI Cancels Registration of 192 NBFCs Across India in June 2026

The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 192 Non-Banking Financial Companies (NBFCs) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The cancellations were carried out through orders issued during June 2026.

Following the regulatory action, the affected entities are no longer permitted to transact the business of a non-banking financial institution. The companies are spread across multiple states, including West Bengal, Maharashtra, Gujarat, Delhi, Tamil Nadu, Bihar, Assam, Madhya Pradesh, Jharkhand and Uttar Pradesh.

Why the RBI Cancelled Registration of 192 NBFCs?

The RBI exercised powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934, to revoke the registrations of these companies. A valid Certificate of Registration is mandatory for entities intending to operate as NBFCs in India.

Once the registration is cancelled, the entity loses the authorisation required to undertake non-banking financial activities. Consequently, the affected companies can no longer transact the business of a non-banking financial institution as defined under clause (a) of Section 45-I of the RBI Act.

RBI NBFC Registration Cancellation List 2026

The RBI's cancellation orders covered the following companies:

States Most Affected by the RBI Action

A large share of the affected companies were based in West Bengal, particularly Kolkata. Maharashtra also accounted for a sizeable number of cancellations, including entities located in Mumbai, Navi Mumbai, Pune, Satara and Nagpur.

Other affected states included Gujarat, Delhi, Tamil Nadu, Assam, Bihar, Madhya Pradesh, Jharkhand and Uttar Pradesh. The geographical spread highlights the nationwide scope of the regulatory exercise.

What Registration Cancellation Means for NBFCs?

The cancellation of a Certificate of Registration means the affected entities no longer have regulatory approval to operate as NBFCs. Such companies cannot undertake activities that fall within the definition of a non-banking financial institution under the RBI Act.

The action effectively bars them from transacting NBFC business. Any future operations requiring NBFC status would require compliance with applicable regulatory provisions and authorisations.

Conclusion

The RBI cancelled the Certificates of Registration of 192 NBFCs through a series of orders issued during June 2026. The affected companies are spread across several states, with a significant number based in West Bengal and Maharashtra.

Following the cancellations, the entities are no longer authorised to conduct NBFC business under the Reserve Bank of India Act, 1934. The action was carried out under Section 45-IA(6) of the Act as part of the regulator's oversight of the NBFC sector.

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