1. Key Details Regulatory Body: Reserve Bank of India (RBI). Action Taken: Cancellation of the Certificate of Registration (CoR) of 36 Non-Banking Financial Companies (NBFCs). Legal Authority: Section 45-IA (6) of the Reserve Bank of India Act, 1934. Consequence: The specified companies are strictly prohibited from transacting the business of a Non-Banking Financial Institution, as […]
Executive Summary Effective March 05, 2026, the Reserve Bank of India (RBI) has enforced the revived cancellation of the banking licence for Shimsha Sahakara Bank Niyamitha (Maddur, Mandya District, Karnataka). The bank is strictly prohibited from conducting any banking business, including accepting or repaying deposits, under Section 5(b) and Section 6 read with Section 56
Subject: Indian Mercantile Co-operative Bank Ltd., Lucknow Date of Order: February 11, 2026 | Effective Date: February 13, 2026 1. Executive Summary The Reserve Bank of India (RBI) has officially cancelled the banking licence of Indian Mercantile Co-operative Bank Ltd., Lucknow. This regulatory measure effectively prohibits the institution from carrying out any “banking” business, which
Executive Summary The Reserve Bank of India has cancelled the Certificate of Registration (CoR) of seven Non-Banking Financial Companies (NBFCs) based in Kolkata. This action was taken under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following this cancellation, these companies are prohibited from transacting the business of a Non-Banking Financial Institution
1. Executive Summary The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 35 Non-Banking Financial Companies (NBFCs) vide a press release dated January 07, 2026. The cancellations were executed in exercise of powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following this order, the
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of four Non-Banking Financial Companies (NBFCs). As a result of this action, these entities are prohibited from transacting the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934. 1. Key Details of
Contextual Assumption: The Root Cause Analysis (RCA), Preventive Controls, and Lessons Learned for regulatory cancellations are based on common statutory failures under Section 45-IA(6) of the RBI Act, as the specific breach was not detailed in the press releases. For voluntary surrenders, the RCA reflects strategic business decisions. 1. Parichay Commotrade Pvt Ltd Key Details
Key Details of Regulatory Action Authority & Power Reserve Bank of India (RBI), under “Section 45-IA(6)” of the RBI Act, 1934. Action Cancellation of Certificate of Registration (CoR) for 21 Non-Banking Financial Companies (NBFCs). Regulatory Consequence Prohibited from transacting the business of a Non-Banking Financial Institution in India. Cancellation Dates Primarily on “September 05, 18,
Key Details of Regulatory Action The Reserve Bank of India (RBI) cancelled the banking license of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, effective from the close of business on October 07, 2025. This action prohibits the bank from conducting the business of ‘banking’, including the acceptance and repayment of deposits. Bank & Regulatory Snapshot
This report details the key aspects of the Reserve Bank of India’s decision to cancel the Certificate of Registration (CoR) of Datta Finance and Trading Private Limited. 1. Key Details 2. Root Cause Analysis (RCA) The root cause for the cancellation of the CoR was the company’s violation of RBI guidelines on the code of
