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RBI Cancels Registration of 13 NBFCs in Major Regulatory Crackdown
C
CNBC Awaaz•10-10-2026, 18:56
RBI Cancels Registration of 13 NBFCs in Major Regulatory Crackdown
- •The Reserve Bank of India has cancelled the registration of 13 non-banking financial companies.
- •Out of the cancelled companies, 11 are based in West Bengal and two are from Tamil Nadu.
- •The action was taken under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
- •Additionally, 10 other NBFCs voluntarily surrendered their certificates of registration to the central bank.
Key Questions Answered
The Reserve Bank of India cancelled the Certificates of Registration of the 13 non-banking financial companies under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Out of the 13 non-banking financial companies whose registrations were cancelled by the RBI, 11 companies are registered in West Bengal, while the remaining two are from Tamil Nadu.
Several companies including Pragati Fincap and Vivriti Capital voluntarily surrendered their certificates of registration because they were shutting down or exiting their non-banking financial institution business.
