RBI Cancels CoR of 36 NBFCs; 9 NBFCs Voluntarily Surrender Licences
In March 2026, the Reserve Bank of India (RBI) cancelled the Certificate of Registration (CoR) of 36 Non-Banking Financial Companies (NBFCs) as part of its regulatory actions, while 9 other NBFCs surrendered their licences due to business exits, structural changes, or mergers.
RBI Regulatory Actions on NBFCs:
Cancellation of 36 NBFCs: RBI cancelled the CoR of 36 entities between 16 and 24 February 2026, prohibiting them from conducting NBFC activities under the Reserve Bank of India Act, 1934, with key entities including Excellence Broking & Finance Pvt Ltd, Jibralter Traders Ltd, Bahubali Leasing Limited, and Wintech Telecom Pvt Ltd.
Surrender of Licences by 9 NBFCs: Three companies KKR India Asset Finance Private Limited (Pvt Ltd), Manglam Vanijya Pvt Ltd, and Mechno Sales Agencies Pvt Ltd surrendered their CoR after deciding to exit the NBFC business, leading to cancellation by the RBI.

• Premier Ferro Alloys & Securities Limited surrendered its licence in February 2026 after meeting the criteria of an unregistered Core Investment Company (CIC), which does not require RBI registration.
• Five entities Unicon Suppliers Pvt Ltd, Atreyi Vincom Pvt Ltd, Hanuman Forging and Engineering Pvt Ltd, Upwards Capital Pvt Ltd, and Samuk Holding Pvt Ltd, surrendered their licences as they ceased to exist due to amalgamation, merger, dissolution or voluntary strike-off.