RBI cancels Certificate of Registration
Case Brief
In this release, the Reserve Bank of India states that it has cancelled the Certificate of Registration of the following non-banking financial companies (NBFCs) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The excerpt provided does not include the individual company names or any additional factual basis beyond the statutory cancellation reference.
The release states that the Reserve Bank of India has cancelled the Certificate of Registration of the following non-banking financial companies (NBFCs) in exercise of its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. No individual company names or further grounds are provided in the supplied text.
Severity Assessment
Cancellation of a Certificate of Registration is a severe licensing action and falls in severity 5.
The affected NBFCs can no longer operate under their RBI registration. This is a forward-looking adverse action that removes their authorization to carry on NBFC business, with consequences for their lending and other regulated financial activities.
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