RBI Cancels Registration of 59 NBFCs Across Multiple States in India

The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 59 Non-Banking Financial Companies (NBFCs) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The cancellation orders were issued between June 1, 2026 and July 28, 2026, as per RBI press release.  

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 West Bengal, Maharashtra, Delhi, Gujarat and Telangana, with a significant number registered in Kolkata and Mumbai.  

Why Did the RBI Cancel the Registration of 59 NBFCs? 

The RBI exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934, to cancel the Certificates of Registration of the listed companies. 

A valid Certificate of Registration is required for an entity intending to operate as an NBFC in India. After the cancellation of the CoR, these companies cannot transact the business of a Non-Banking Financial Institution as defined under clause (a) of Section 45-I of the RBI Act, 1934.  

The RBI press release does not provide individual reasons for the cancellation of each company. Therefore, no specific reason should be attributed to any particular entity beyond the regulatory action stated in the official announcement. 

RBI NBFC Registration Cancellation List 2026 

The RBI’s cancellation order covered the following companies: 

States Covered by the RBI Action 

The companies listed in the RBI notification were registered across five states and the National Capital Territory of Delhi. 

West Bengal accounted for the largest share of the cancellations, with 43 companies. Most of these entities had registered offices in Kolkata, while some were located in Howrah, Uluberia, Serampore and Hooghly. 

Maharashtra accounted for 11 companies, including entities based in Mumbai, Thane and Nagpur. Three companies were registered in Delhi, while Gujarat and Telangana accounted for one company each.  

Key Details of the RBI Notification 

What Does Cancellation of an NBFC Registration Mean? 

The cancellation of a Certificate of Registration means that the affected company no longer has the RBI’s authorisation to conduct business as an NBFC. 

Accordingly, the companies listed in the notification shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.  

The cancellation of an NBFC registration should not automatically be interpreted as a winding-up order or a finding of misconduct against every listed company. The RBI press release only confirms the cancellation of the CoRs and the resulting prohibition on conducting NBFC business. 

Conclusion 

The RBI has cancelled the Certificates of Registration of 59 NBFCs through orders issued between June 1 and July 28, 2026. The affected companies include entities registered in West Bengal, Maharashtra, Delhi, Gujarat and Telangana. 

With the cancellation of their CoRs, these companies are no longer permitted to transact the business of a Non-Banking Financial Institution under the RBI Act, 1934. The action was taken under Section 45-IA(6) of the Act. 

Disclaimer: This article has been prepared for informational and educational purposes based on the RBI press release dated August 11, 2026. The cancellation of a Certificate of Registration is a regulatory action and should not, by itself, be treated as a statement about the financial condition or conduct of every company listed. Readers should refer to official RBI and Ministry of Corporate Affairs records for further verification. 

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