List of 35 NBFCs Whose Registration Was Cancelled by the RBI

The Reserve Bank of India has cancelled the Certificates of Registration of 35 non‑banking financial companies during December 2025. The action was taken under Section 45‑IA (6) of the Reserve Bank of India Act, 1934.

These cancellations prevent the affected entities from carrying on NBFC activities as defined under the Act. The decision forms part of the regulator’s ongoing supervisory actions aimed at ensuring compliance with regulatory requirements.

RBI Order on Cancellation of NBFC Registrations

The Reserve Bank of India exercised its statutory powers to cancel the registration of 35 NBFCs across multiple dates in December 2025. The cancellation orders were issued on December 09, 2025, December 19, 2025, December 23, 2025, and December 31, 2025.

These companies were found to no longer meet the conditions required to hold a valid Certificate of Registration. Following the cancellation, the entities are prohibited from undertaking non‑banking financial business.

List Of 35 NBFCs Whose Registration Was Cancelled

Regulatory Impact and Compliance Implications

As a result of the cancellations, the listed companies are no longer permitted to conduct lending, investment, or financial intermediation activities as NBFCs. They must cease operations that fall within the regulatory definition of non‑banking financial business.

Any continuation of such activities would be treated as a regulatory violation. The RBI has not disclosed monetary penalties in this announcement.

Read More: RBI Invites Public Feedback on Draft Governance Amendments for Co‑operative Banks.

Conclusion

The Reserve Bank of India cancelled the Certificates of Registration of 35 NBFCs during December 2025. The affected entities are barred from conducting non‑banking financial activities under the RBI Act, 1934.

The move follows the regulator’s statutory powers and supervisory framework. The announcement provides clarity on regulatory status and compliance expectations within the NBFC sector.

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