RBI cancels registration certificates of 192 NBFCs, impacting several states in June 2026

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RBI cancelled 192 NBFCs

Highlights

RBI cancelled the registration certificates of 192 NBFCs in June 2026 under Section 45-IA(6) of the Reserve Bank of India Act, 1934.
The affected companies include Naveen Merico Engineering Co. Private Limited, Narayani Finance Limited, and most entities from the Kolkata-West Bengal region.
Following the cancellation, the concerned companies can no longer conduct NBFC activities, impacting local economic activities and the formal financial system.

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

Regulatory Action in June 2026

According to Reserve Bank of India press release 2026-2027/676, the central bank has cancelled the Certificate of Registration of 192 companies under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The order states that the concerned companies can no longer conduct business as a Non-Banking Financial Institution as defined under clause (a) of Section 45-I.

The cancellation orders were issued between June 1, 2026 and June 30, 2026. The list includes companies registered in several regions such as West Bengal, Maharashtra, Delhi, Gujarat, Tamil Nadu, Assam, Bihar, Jharkhand, Madhya Pradesh, Uttar Pradesh, and Chandigarh, with the highest number of names linked to Kolkata and West Bengal.

The list also features companies like Naveen Merico Engineering Co. Private Limited, Narayani Finance Limited, Radiance Finvest Private Limited, Williamson Financial Services Limited, and Clio Infotech Limited. The list released with the order provides each company’s registered office, CoR number, date of registration issuance, and date of cancellation order.

NBFC Sector and Regional Impact

This action indicates that the RBI is maintaining strict oversight of the licensing and compliance framework in the NBFC sector. After the cancellation of registration, the concerned entities can no longer legally conduct NBFC activities, directly impacting their local financing, investment, or lending operations.

Since the list includes a large number of long-registered companies, this step is seen as a move to weed out inactive, non-compliant, or regulatory-deficient entities from the sector. This reinforces the RBI’s policy of retaining only authorized and regulated entities within the formal financial system.

Our previous report discussed NSE formally seeking clarifications from several listed companies regarding media reports and unusual activity. It was mentioned that the exchange sent letters to companies such as Gensol Engineering, IDBI Bank, JSW Dulux, Shadowfax Technologies, and Zydus Lifesciences, asking them to confirm or deny the reports to provide investors with accurate and timely information. This initiative was part of a broader objective to enhance market transparency and limit the impact of unverified information.

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