RBI cancels registration certificates of 18 NBFCs

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RBI cancels registration of 18 NBFCs

Highlights

Reserve Bank of India cancelled the registration certificates of 18 NBFCs between June 10, 2026 and June 22, 2026.
The reasons for cancellation were voluntary surrender of CoR by companies, exit from NBFC activities, and legal transformation (merger, dissolution, amalgamation).
Covering several entities registered in major financial centers such as Kolkata, Mumbai, Bengaluru, and Delhi, this step updates the NBFC regulatory record.

This article was translated from the original. Read the original version by our correspondent here.

June 2026 Cancellation Action

According to a press release from the Reserve Bank of India, the central bank cancels the Certificate of Registration of these 18 Non-Banking Financial Companies under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The entities listed had previously surrendered their CoR, after which RBI issued formal cancellation orders.

Six companies had their CoR cancelled due to exiting non-banking financial institution activities, including Sahu Jain Limited, Mars Viniyog Pvt. Ltd., Cyrus Engineers Private Limited, Sarthak Trades Pvt. Ltd., Combine Holding Limited, and Sidhbinayak Tracon Pvt. Ltd. The cancellation dates for these range from June 10, 2026 to June 22, 2026.

In a separate category, Shell Business Pvt. Ltd.'s CoR is cancelled from June 17, 2026, as the company meets unregistered Core Investment Company criteria for which registration is not required. Additionally, 11 companies had their CoR cancelled as they ceased to exist as legal entities due to merger, amalgamation, dissolution, voluntary strike-off, or other reasons. This group includes Laser Financial And Project Consultants Private Limited, Chatha Financial Services Private Limited, Ashika Global Securities Private Limited, Castle Consultants Private Limited, Sethia Chemicals Private Limited, Placid Limited, Kashmira Investment And Leasing Private Limited, Wadia Investments Limited, Bikanna Commercial Co Private Limited, Park View Properties Pvt Ltd, and PCI Marketing Pvt Ltd.

Regional and Regulatory Impact

This cancellation covers companies spread across several states, with Delhi, Karnataka, Maharashtra, West Bengal, and Punjab being prominent. The list also shows that many entities registered in financial centers like Kolkata, Mumbai, Bengaluru, and Delhi are affected by this action.

This move signals to the NBFC sector that the RBI keeps its license records updated for inactive, restructured, or eligibility-changed entities. This makes the regulatory register clearer and provides market participants with clarity on which entities are no longer registered under the NBFC framework.

In our previous report, we discussed the changes made to several Nifty indices following the merger of J.B. Chemicals & Pharmaceuticals Ltd. into Torrent Pharmaceuticals Ltd. by NSE Indices Limited. It was noted that this rebalancing, effective from July 17, 2026, is significant for investors tracking index funds, ETFs, and derivative products, as inclusions/exclusions in indices impact portfolio weights and tracking strategies.

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