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The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licences. The action was taken under Section 45-IA (6) of the RBI Act, 1934.
Six NBFCs exited the non-banking financial business, leading to the cancellation of their CoRs:
Poonawalla Investments and Industries Private Limited (Pune, Maharashtra) – cancelled on July 9, 2025
Zenith Securities and Investment Limited (Mumbai, Maharashtra) – July 17, 2025
Kansal Fincap Limited (New Delhi) – July 23, 2025
The Swastik Safe Deposit and Investments Ltd (Mumbai, Maharashtra) – July 24, 2025
Satram Leasing and Finance Limited (Kanpur, Uttar Pradesh) – July 28, 2025
Mango Finance (India) Private Limited (Mumbai, Maharashtra) – July 31, 2025
One NBFC, India Finsec Limited (New Delhi), surrendered its licence after meeting the criteria for an unregistered Core Investment Company (CIC) that does not require registration, with its CoR cancelled on July 17, 2025.
Three NBFCs ceased to exist due to amalgamation, merger, dissolution, or voluntary strike-off:
Maya Fincap Private Limited (Shimla, Himachal Pradesh) – July 10, 2025
GMR Airports Limited (Gurgaon, Haryana) – July 10, 2025
Macrofil Investments Limited (Mumbai, Maharashtra) – July 18, 2025
Following the cancellations, these entities are no longer permitted to operate as NBFCs.
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