RBI cancels registration certificates of 135 NBFCs

The majority of the NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal, an RBI release showed.
| Photo Credit:
FRANCIS MASCARENHAS

The RBI announced on Wednesday that it has revoked the registration certificates of 135 non‑banking finance companies.

Among them are Express Fincap House, Akshay Fiscal Services, Times Finance (P), Jupiter Projects (P), Jupiter Finvest, Essel Finance Business Loans, and Citiwide Financial Services.

Most of the NBFCs whose registration was cancelled list a registered office in West Bengal, according to the RBI release.

In addition, 13 NBFCs have handed back their registration certificates to the central bank after leaving the business or no longer existing as legal entities due to mergers, amalgamations, dissolution or voluntary strike‑off.

J Thomas Finance, Econ‑Super Sales, Hitesha Finance and Investment, Tinnevelly Tuticorin Investments, Carnex Vinimay, and Impact Leasing returned their licences after exiting the NBFI sector, the release noted.

Forerunner Capital Investments also gave up its licence because it fulfills the conditions for an unregistered Core Investment Company (CIC), which does not need registration.

NBFCs including Caspian Impact Investments, Hari Darshan Sales, Ivory Consultants, SKA Consultancy Services, Trishita Management, and Suban Trades surrendered their licences after they ceased to be legal entities through amalgamation, merger, dissolution or voluntary strike‑off, the release added.

Published on June 10, 2026