The Reserve Bank of India (RBI) has cancelled the NBFC registration certificates of ten non-banking financial companies. These firms voluntarily surrendered their Certificates of Registration (CoRs), prompting the RBI to exercise its authority under Section 45-IA(6) of the RBI Act, 1934.
Key Details of NBFC Registration Cancellations
Six companies surrendered their CoRs due to a voluntary exit from the NBFI business. These include Pragati Fincap Limited (New Delhi), Rajlakmi Vanijya Pvt Ltd (Guwahati), Vivriti Capital Limited (Chennai), MSJ Colonising and Leasing Company Private Limited (Indore), PKSL Investment Private Limited (New Delhi), and HCL Corporation Private Limited (New Delhi). Their cancellations took effect between September 3 and September 29, 2026.
Additionally, PCR Investments Ltd (Chennai) had its CoR cancelled because it met the criteria for an unregistered Core Investment Company. As a result, it no longer requires registration under Section 45-IA of the RBI Act. Meanwhile, Aparna Investment Pvt. Ltd. (Mumbai) qualified as an unregistered Type I NBFC, therefore triggering its removal from the registered list.
Two more firms lost their NBFC registration due to ceasing to exist as legal entities. Vandana Griha Nirman Limited and Ramsisaria Builders Limited, both based in Kolkata, had their CoRs cancelled following amalgamation, merger, dissolution, or voluntary strike-off proceedings.
What NBFC Registration Cancellations Mean for the Sector
The RBI regularly reviews its registered NBFC list to ensure only active, compliant entities hold valid licences. However, cancellations like these do not always signal financial distress. For example, several companies here exited simply because they no longer operate in the financial services space.
This housekeeping exercise strengthens the integrity of India’s NBFC regulatory framework. It also helps the RBI maintain an accurate and reliable register of financial institutions. Therefore, customers and investors can trust that listed NBFCs are genuinely active and supervised.
The RBI continues to monitor the NBFC sector closely. Any company that meets exemption criteria or ceases operations must surrender its CoR promptly. This ensures regulatory clarity across the broader Indian banking and finance ecosystem.
Source: RBI Press Releases
