RBI cancels registration of 150 NBFCs
NBFC reference-data teams must remove 150 cancelled registrations
RBI
·
Change
RBI cancelled the Certificates of Registration of 150 named NBFCs under Section 45-IA(6) of the RBI Act, barring the listed companies from transacting non-banking financial institution business.
Why it matters
The release changes the registration status of the listed companies and creates a counterparty-eligibility update for banks, fintechs and regulated firms. The cancelled entities should no longer be treated as RBI-registered NBFCs in onboarding, partnership, lending, vendor-risk or compliance workflows. Teams relying on NBFC status must update reference data using the RBI list and cancellation-order dates.
Implications
- — Counterparty-onboarding teams at banks, fintechs and NBFCs must remove the 150 listed companies from active RBI-registered NBFC eligibility checks — cancelled entities cannot be treated as registered NBFC counterparties after the order dates.
- — Regulatory reference-data teams must update CoR status, cancellation dates and entity records from the RBI list — stale registration data can allow invalid onboarding, renewal or partnership decisions.
- — Compliance and management teams at the cancelled companies must stop activity conducted under an RBI NBFC Certificate of Registration — the CoR cancellation removes the registration basis for non-banking financial institution business.
Full decision brief
See the decision layer
Use 1 free preview to unlock implications, who’s affected, what to watch, and Clarify for this brief.
2 free previews left this month · Resets 1 Jun
Source