1. Executive Summary & Key Details Involuntary Action 135 NBFCs Cancelled The RBI unilaterally revoked the CoR for 135 entities. These companies are now legally 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. The bulk of these entities were registered […]
1. Key Details On May 14, 2026, the Reserve Bank of India (RBI) executed a sweeping regulatory action by cancelling the Certificate of Registration (CoR) of 150 Non-Banking Financial Companies (NBFCs). The cancellation was enforced under the powers conferred to the RBI under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Action
■ Key Details & Timeline The Reserve Bank of India (RBI) has issued an order dated April 24, 2026, revoking the banking licence of Paytm Payments Bank Limited. The entity is immediately prohibited from conducting any “banking” business as defined under Section 5(b) or any additional business under Section 6 of the Banking Regulation (BR)
Key Details of the Regulatory Action Entity: The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra. Action Taken: Cancellation of banking licence under Section 22 read with Section 56 of the Banking Regulation Act, 1949. Effective Date: Close of business on April 06, 2026. Operational Impact: Immediate cessation of all banking business, including acceptance and repayment
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
