7 NBFCs Surrendered Certificate of Registration
FinTech BizNews Service
Mumbai, 14 May 2026: The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the 150 NBFCs.
As such, 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.
Moreover, Seven Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.
In the meanwhile, The Certificate of Registration issued to the Krishna Capfin, a Non-Banking Financial Company (NBFC), has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFC is advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62735
