New Delhi: Taking a major action, the Reserve Bank of India (RBI) has cancelled the registration of 35 non-banking financial companies i.e. NBFCs. The actions was taken as these financial service providers were accused of not following regulatory regulations. RBI has categorically stated that the the particular companies will not be able to do any kind of NBFC related business.

The RBI, in a circular issued on 7 January 2026, stated that it had to take this decision by exercising the powers granted under Section 45-IA (6) of the RBI Act, 1934. According to the central bank, the companies whose registration has been cancelled were not following the required terms and conditions for a........

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