IBR EVENING BULLETIN-RBI • Banking • Economy | Evening Intelligence

📅 11 June 2026 | Thursday

🚨 RBI's NBFC Cleanup Drive: 135 Registrations Cancelled

In a significant supervisory action, the Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 135 Non-Banking Financial Companies (NBFCs) under Section 45-IA(6) of the RBI Act, 1934. The affected entities were found to be non-compliant with regulatory requirements, no longer satisfying registration conditions, or having ceased NBFC operations.

📌 WHY IT MATTERS

RBI has reinforced a fundamental regulatory principle: registration is not a permanent entitlement. Every regulated entity must continuously comply with prudential norms, governance standards and supervisory requirements.

Illustrative grounds that can attract regulatory action include: 🔹 Failure to maintain prescribed Net Owned Fund (NOF) 🔹 Non-filing of regulatory returns and disclosures 🔹 Discontinuation of NBFC business activities despite holding registration

👔 BANKER'S LENS

The development highlights the growing importance of compliance culture, timely regulatory reporting, robust internal controls and effective board oversight across financial institutions.

🔍 IBR DECODE

This action reflects RBI's shift towards more proactive supervision and financial sector discipline. The focus is no longer merely on registration, but on continuous compliance, business viability and governance quality throughout the lifecycle of a regulated entity.

🎯 REGULATORY REFERENCE

Section 45-IA, RBI Act, 1934 empowers RBI to grant, reject or cancel the Certificate of Registration of an NBFC under specified circumstances.

💡 IBR QUICK TAKE

Registration grants entry. Compliance ensures continuity.

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