RBI · Banking Regulation
RBI cancels registration of 192 NBFCs
Regulator revokes CoR of 192 companies, many based in Kolkata, for failing to meet regulatory requirements.
What changed
- RBI cancelled Certificate of Registration of 192 NBFCs under Section 45-IA(6) of RBI Act, 1934.
- Action taken in June 2026 against firms including Naveen Merico Engineering, Mehandipua Tradelink, and others.
- List includes companies from West Bengal, Maharashtra, and other states, many with registrations from 1998-2021.
The read
RBI has cancelled the registration of 192 NBFCs. The sweeping action is part of its drive to tighten oversight of non-bank lenders. Many cancelled firms, based in Kolkata and operating since the late 1990s, likely failed to comply with net-owned fund requirements or other prudential norms. The move, while small in systemic terms, signals the regulator’s intolerance for non-compliant entities. Expect further clean-up of the sector as RBI targets dormant or rule-breaking NBFCs.
Key numbers
- Number of NBFCs: 192
Primary source: rbi.org.in