Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
13 Aug 2025
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 16 companies under Section 45-IA(6) of the RBI Act, 1934. The release names each affected company and the date of cancellation order, and states that the companies shall not transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act, 1934.
Why RBI Acted
The Reserve Bank of India exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration of 16 companies. The order lists the affected entities and their CoR cancellation dates. As a result, these companies shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.
Operating Impact
All 16 affected companies are prohibited from carrying on non-banking financial institution business going forward. Customers and counterparties dealing with these entities should treat them as no longer authorized to operate as NBFCs.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- Section 45-I(a) of the RBI Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Order Date
- 7 Jul 2025
- Effective From
- 7 Jul 2025
- Entities Affected
- 16
- Entity Role
- Bulk Member
- Entity Type
- NBFC
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