RBI cancels Certificate of Registration
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of the NBFCs mentioned in the release under Section 45-IA(6) of the RBI Act, 1934. The release says the companies had opted to exit from the business of a non-banking financial institution, so the action is a licence cancellation rather than a penalty or operational restriction.
The Reserve Bank of India cancelled the Certificate of Registration of the following non-banking financial companies (NBFCs) in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The stated reason is that the companies opted to exit from the business of a non-banking financial institution.
Severity Assessment
Cancellation of the Certificate of Registration is a full licence cancellation, which carries severity 5 regardless of any monetary amount.
The affected NBFCs can no longer operate as registered non-banking financial institutions. The cancellation is final for the entities covered by the order, and there is no forward-looking operational permission under the cancelled registration.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector