RBI cancels registration of 5 non-banking financial companies

The central bank revokes the licenses of five non-banking financial institutions, barring them from conducting financial operations.

The Reserve Bank of India (RBI) has formally revoked the operational licenses of five non-banking financial companies (NBFCs), barring them from undertaking any lending or financial activities. According to an official notification issued by Chief General Manager Brij Raj, the regulatory action was executed under the powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934. With their certificates of registration withdrawn, these entities lose their legal standing to function as financial intermediaries in the Indian market.

List of deregistered financial firms

The regulatory clampdown affects five distinct entities spread across major commercial hubs like Kolkata and Mumbai. The companies that have lost their operational permits include Kolkata-based Dar’s Financial Services Pvt Ltd, alongside Mumbai-registered entities Rolta Holding and Finance Corporation Private Limited, Vasudeo Securities Pvt Ltd, Parsoli Corporation Limited, and A. C. Choksi Financial Services Pvt. Ltd. (also known via MCA records as Deus Financial Capital Private Limited).

• Dar’s Financial Services Pvt Ltd (Kolkata) – CoR cancelled on August 03, 2026
• Rolta Holding and Finance Corporation Private Limited (Mumbai) – CoR cancelled on August 06, 2026
• Vasudeo Securities Pvt Ltd (Mumbai) – CoR cancelled on August 06, 2026
• Parsoli Corporation Limited (Mumbai) – CoR cancelled on August 18, 2026
• A. C. Choksi Financial Services Pvt. Ltd. (Mumbai) – CoR cancelled on August 31, 2026

What this means for investors

For Indian investors and market participants, regulatory actions against non-banking financial companies underscore the central bank’s ongoing scrutiny of shadow banking and compliance standards. When an NBFC has its registration cancelled, it can no longer accept public deposits, disburse new loans, or engage in any core financial activities defined under the RBI Act. Existing clients and investors associated with these deregistered entities must monitor how the respective managements handle outstanding liabilities, asset liquidation, or resolution processes.

Investors dealing with smaller, unlisted or non-publicly traded financial firms should regularly verify regulatory compliance and active licensing status on official central bank registers. The loss of a registration certificate typically signals regulatory non-compliance, governance issues, or failure to meet mandated net-owned-fund requirements. Stakeholders holding exposure to such entities should review their legal recourse and consult professional advisors regarding asset recovery.

Frequently asked questions

Question? What happens when the RBI cancels an NBFC’s registration certificate?

The company is legally prohibited from transacting any business as a non-banking financial institution, meaning it cannot carry out lending, investing, or deposit-taking activities.

Question? Under which legal provision did the central bank take this action?

The cancellations were carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which grants the RBI authority to revoke operational permits.

This article is for information only and is not investment advice. Do your own research or consult a licensed adviser before investing.

Based on information published by Reserve Bank of India (RBI). Source: Reserve Bank of India (RBI). Spotted an error? corrections@moneypuran.com