Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
7 Jan 2026
Case Brief
The Reserve Bank of India cancelled the Certificates of Registration of 35 non-banking financial companies under Section 45-IA(6) of the RBI Act, 1934. The release lists the companies and their cancellation order dates, and makes clear that they shall not transact the business of a non-banking financial institution as defined under the RBI Act.
Why RBI Acted
The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 35 named non-banking financial companies. The order states that these 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 35 entities lose their NBFC registration and must stop carrying on non-banking financial institution business. This affects the companies directly and prevents them from undertaking regulated NBFC activities from the relevant cancellation dates.
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
- 9 Dec 2025
- Effective From
- 9 Dec 2025
- Entities Affected
- 35
- Entity Role
- Bulk Member
- Entity Type
- NBFC
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