RBI cancels registration of 192 NBFCs
192 NBFCs lose RBI registration and may no longer carry on non-banking financial business
Change
The Reserve Bank of India cancelled the Certificates of Registration of 192 non-banking financial companies under Section 45-IA(6) of the Reserve Bank of India Act, 1934, with cancellation orders effective across June 2026.
Why it matters
The 192 named companies no longer hold RBI registration and are barred from carrying on the business defined in clause (a) of Section 45-I of the RBI Act, 1934. Any continuation of non-banking financial activity by a listed firm contravenes the cancellation order. Banks, lenders, and payment or fintech partners with exposure to these entities lose a registered counterparty; onboarding or continuing a credit, custody, or distribution relationship with a de-registered firm now carries direct regulatory exposure.
Implications
- — Counterparties dealing with non-banking financial companies — banks, co-lenders, custodians, and fintech distribution partners — must screen against the cancelled-registration list before onboarding or continuing exposure, as any registered-NBFC assumption for the 192 named firms no longer holds.
Who is affected
- — The 192 named companies whose registration is cancelled
- — Banks, lenders, and fintech partners holding credit, custody, or distribution exposure to any listed firm