Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
14 May 2026
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 150 companies under Section 45-IA(6) of the RBI Act, 1934. This is a bulk action against the listed NBFCs across multiple locations, and the release states that they shall not transact the business of a Non-Banking Financial Institution as defined in the Act.
Why RBI Acted
Under Section 45-IA(6) of the Reserve Bank of India Act, 1934, RBI cancelled the Certificate of Registration of 150 companies. The order is a bulk cancellation of CoR for the listed entities, and the release further states that the companies shall not transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934.
Operating Impact
All 150 listed companies lose their CoR and must stop carrying on NBFC business. The order directly affects the companies named in the release and prevents them from operating as Non-Banking Financial Institutions going forward.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- clause (a) of Section 45-I of the RBI Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Order Date
- 6 Apr 2026
- Effective From
- 6 Apr 2026
- Entities Affected
- 150
- Entity Role
- Bulk Member
- Entity Type
- NBFC
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