RBI Cancels Certificates of Registration for 7 NBFCs: Kanoi Leasfin, Aditi Sanchar and More

The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 7 non‑banking financial companies (NBFCs) under Section 45‑IA (6) of the RBI Act, 1934. The cancellations were issued on different dates in January 2026, affecting entities located across multiple commercial hubs in Kolkata.

With the withdrawal of these licences, the companies are no longer permitted to conduct NBFC business as defined under Section 45‑I(a) of the Act. The development marks a regulatory enforcement action aimed at ensuring compliance within the financial services sector.

RBI’s Regulatory Action and Legal Basis

RBI exercised its powers under Section 45‑IA (6) of the RBI Act, 1934, to cancel the Certificates of Registration of the listed entities. The cancellation orders were issued on January 09, January 16, and January 28, 2026, covering companies registered between 1998 and 2008.

The regulatory step means these businesses cannot continue any activity classified as a non‑banking financial business. RBI’s decision follows the standard compliance framework governing NBFC operations in India.

Details Of Companies Affected

The cancellations affect 7 companies headquartered in Kolkata, each previously holding an RBI‑issued CoR.

Compliance Impact on NBFC Activities

Following the cancellation, the affected companies are not authorised to conduct any activity categorised as NBFC business. This includes all financial intermediation functions specified under Section 45‑I(a) of the RBI Act.

Without a valid CoR, they cannot legally operate lending, investment, or financial services previously permitted under NBFC guidelines. The withdrawal of registration effectively removes their regulatory standing in India’s non‑banking financial sector.

Operational And Sectoral Implications

The companies listed operated from prominent commercial areas in Kolkata, such as Dacres Lane, Weston Street, Shakespeare Sarani, Hemant Basu Sarani, and Canning Street. Their removal from the NBFC ecosystem reinforces RBI’s oversight on compliance and governance standards.

Investors, creditors, and counterparties associated with these firms must now adjust their interactions in line with the cancellation orders. The step is part of RBI’s ongoing supervision to maintain transparency and regulatory discipline in the financial sector.

Read More: Government to Exit IDBI Bank in FY26.

Conclusion

RBI’s cancellation of the Certificates of Registration for the 7 NBFCs formally restricts them from undertaking any non‑banking financial business. The regulatory action spans entities registered over a 10‑year period and headquartered across Kolkata’s key business districts.

The decision underscores the importance of compliance with statutory requirements under the RBI Act, 1934. With the cancellation now effective, the companies must cease NBFC operations immediately.

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