RBI Revokes Licences Of 35 NBFCs, 16 Others Voluntarily Surrender Registration

New Delhi, Jan 8 (KNN) The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 35 non-banking financial companies (NBFCs) for failure to comply with regulatory requirements. 

The cancellations were carried out under Section 45-IA(6) of the Reserve Bank of India Act, 1934, with orders issued between December 9, 2025, and December 31, 2025.

The central bank stated that, following the cancellation, these entities are no longer permitted to undertake the business of a non-banking financial institution, as defined under the RBI Act.

Companies Affected by Cancellation

The affected NBFCs include entities primarily based in Delhi, along with firms in Madhya Pradesh and Maharashtra. 

Among them are Satya Prakash Capital Investment Limited (Jabalpur), A G Securities Private Limited, ALB Leasing & Finance Ltd, Pearls Hire Purchase Corporation Limited, Quasar India Fincap Private Limited, and Shivom Investment & Consultancy Limited (Mumbai), along with several other finance, leasing, investment, and securities companies.

According to the RBI, the cancellation of registration bars these companies from carrying on any NBFC-related activities with immediate effect.

Voluntary Surrender of Registration by 16 NBFCs

Separately, the RBI said that 16 NBFCs voluntarily surrendered their CoR, leading to its cancellation. These cases fall under three broad categories.

Exit from NBFC Business

Eight companies exited the NBFC business altogether, including Dharmesh Stock Broking Private Limited (Mumbai), Millennium Holdings Pvt. Ltd (Kolkata), Celestial Consultants Pvt. Ltd (Kolkata), Damayanti Finance & Properties Pvt. Ltd (Chennai), Liquid Paper Finserve Pvt. Ltd (Delhi), Peerless Financial Services Ltd (Kolkata), Park Avenue Engineering Ltd (Mumbai), and Arvind Overseas Project Services Pvt. Ltd (Delhi).

Conversion to Unregistered Core Investment Companies

Three entities surrendered their registration after meeting the criteria for unregistered Core Investment Companies (CICs) that do not require RBI registration. These include Shyam Basic Infrastructure Projects Pvt. Ltd (Jaipur), Shruti Finsec Pvt. Ltd (Kanpur), and Sita Investment Company Ltd (Raipur).

Cessation as Legal Entities

Five NBFCs ceased to exist as legal entities due to merger, amalgamation, dissolution, or voluntary strike-off. These include Edelweiss Retail Finance Ltd (Mumbai), Super Commodities Pvt. Ltd, Silfix Tradelink Pvt. Ltd, Sakthi Traders Pvt. Ltd, and Yaduka Financial Services Ltd, all based in Kolkata.

(KNN Bureau)