RBI Cancels Certificates of Registration of 150 Non-Banking Financial Companies

The Reserve Bank of India (RBI) under the Government of India has cancelled the Certificates of Registration (CoRs) of 150 Non-Banking Financial Companies (NBFCs). Meaning, these companies will no longer be permitted to function as NBFCs or carry out financial activities covered under the scope of the said Act, such as loans, investments, financial assistance, etc.

The bank has taken this step pursuant to its powers under Section 45-IA(6) of the RBI Act, 1934, and has officially disclosed the complete list of NBFCs whose registrations have been cancelled through a Press Release dated May 14, 2026. The effective date of registration cancellation is not the same for every company.

This list includes small private finance, leasing, trading, or investment companies, spread across several states, including Delhi, West Bengal, Telangana, Karnataka, Haryana, Bihar, Tamil Nadu, and Madhya Pradesh. The list also consists of some well-known companies such as Goal Securities and Credits Limited, Paras Fincap Pvt Ltd, Menlo Finance and Investment Corporation Private Limited, HBC Finance and Leasing Ltd, Kallarakkal Fincorp Private Limited, Dalmia Housing Finance Ltd, Classic Securities Private Limited, Alpha Stocks and Finservices Private Limited, Bhawna Portfolio Private Limited, A & A Capital Services Private Limited, etc. The majority of companies affected by this action are Kolkata- and New Delhi-based.

Refer to the official press release for complete information.