RBI cancels 135 NBFC licenses
Analysis based on 15 articles · First reported Jun 10, 2026 · Last updated Jun 11, 2026
The cancellation of licenses for 135 Non-bank financial institution entities by the State Bank of India>>> is expected to enhance the stability and regulatory compliance within India>>>'s financial sector. While individual affected companies face severe negative impact, the broader market may view this as a positive step towards stronger financial oversight.
The State Bank of India>>> (RBI) cancelled the Certificates of Registration (CoR) of 135 Non-bank financial institution entities on June 10, 2026. This action was taken under Section 45-IA (6) of the State Bank of India Act, 1934. A significant number of these affected companies were registered in Kolkata and other parts of India — West Bengal>>>, though entities from other states like India — Maharashtra>>>, India — Telangana>>>, India — Delhi>>>, India — Manipur>>>, India — Tamil Nadu>>>, and India — Madhya Pradesh>>> were also included. The cancelled entities, which had received their registrations between 1998 and 2022, are now prohibited from carrying on the business of a Non-Banking Financial Institution. This move is part of the State Bank of India>>>'s ongoing supervisory and regulatory oversight to ensure compliance within the non-banking financial sector.
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