Reserve Bank cancels the Certificate of Registration of 13 non-banking financial companies

10 October 2026

The Reserve Bank of India announced on 9 October 2026 that it has cancelled the Certificate of Registration of 13 non-banking financial companies.
The cancellation was ordered in exercise of the powers conferred on the Reserve Bank by Section 45-IA(6) of the Reserve Bank of India Act, 1934.
The companies include Nakodar Finance Private Limited, Astrol Dealcom Pvt Ltd, Bhagyashri Trading Pvt Ltd, Britex Financial Services Pvt. Ltd., Delta Capital Market Ltd., Sarla Finance Pvt. Ltd. and Rajesh Fiscal Services Private Limited.
Once the certificate is cancelled, these companies cannot transact the business of a non-banking financial institution as defined in the Act.
A registration under Section 45-IA is the basic legal requirement for an NBFC to commence or carry on business, and the Reserve Bank can cancel it on grounds such as ceasing to carry on business or failing to comply with its conditions and directions.