The Reserve Bank of India has cancelled the Certificates of Registration of 13 Non-Banking Financial Companies, according to a press release dated October 9, 2026. The cancellations were carried out between September 7 and September 21 under Section 45-IA(6) of the Reserve Bank of India Act, 1934.
The affected companies can no longer carry on business as non-banking financial institutions under the applicable provisions of the Act. The RBI announcement, however, does not state that every cancellation was linked to fraud or financial misconduct.
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Thirteen NBFCs Lose Registration
The companies whose registrations were cancelled include Nakodar Finance Private Limited, registered in Guindy, Chennai, and several entities based in West Bengal.
Nakodar Finance Private Limited had its registration cancelled on September 7. Ajitnath Steels Pvt Ltd, identified in MCA records as Augment Invest Private Limited, lost its registration on September 11.
Astorl Dealcom Pvt Ltd, Bhagyashri Trading Pvt Ltd, Booh Finance Company Pvt Ltd, Britex Financial Services Pvt Ltd and Sajili Vinimay Pvt. Ltd. had their registrations cancelled on September 14.
Bhumika Fiscal Services Private Limited, based in Jalpaiguri, West Bengal, had its registration cancelled on September 15.
The registrations of Blue Mount Exports Pvt. Ltd., Delta Capital Market Ltd., Rajesh Fiscal Services Private Limited, Sarla Finance Pvt. Ltd. and Shreyans Vyapaar (P) Ltd were cancelled on September 21. Rajesh Fiscal Services Private Limited and Shreyans Vyapaar (P) Ltd were identified under their recorded MCA names in the RBI material.
Customers Asked to Verify Registration Status
The cancellation means the affected companies can no longer conduct NBFC business as defined under the law.
Existing borrowers have been advised to check official communications from the companies concerned and retain records of repayments. The material also advises customers not to stop paying outstanding loans merely because an NBFC’s registration has been cancelled.
Prospective borrowers have been advised to verify a lender’s current RBI registration status before entering into a new financial arrangement. Depositors and investors have also been urged to verify the legal entity involved and seek specific guidance regarding outstanding claims or investments.
Financial institutions and business partners have similarly been advised to strengthen due diligence and periodically check the regulatory status of their lending partners through official RBI records.
Cancellation Does Not Automatically Mean Fraud
The RBI update makes an important distinction between regulatory cancellation and wrongdoing. Cancellation of an NBFC’s registration does not, by itself, establish that the company committed fraud or other financial irregularities.
The specific reasons behind each cancellation would need to be determined from the relevant RBI orders. The latest action nevertheless underlines the importance of checking the registration status of financial institutions before entering into lending, investment or other financial arrangements.
The cancellations were announced through an RBI press release dated October 9, 2026, with the affected registrations having been cancelled over a two-week period in September.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
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