Current Context: On 17 September 2026, the Reserve Bank of India cancelled the Certificates of Registration of five non-banking financial companies. It also accepted the voluntary surrender of registration by eight other NBFCs following business exits, corporate restructuring or fulfilment of conditions under which RBI registration was no longer required.
Key Points:
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Registrations cancelled by RBI:
- Dar’s Financial Services
- Rolta Holding and Finance Corporation
- Vasudeo Securities
- Parsoli Corporation
- A.C. Choksi Financial Services
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Exited the NBFI business:
- Anupam Mercantile
- Grand Motor and Finance
- Sky Limit International Finance
- ASA International India Microfinance
- Corporate restructuring: Shivam Securities and April Investment and Finance surrendered their registrations after amalgamation, merger, dissolution or voluntary removal from official company records.
- Anagram Industries: Surrendered its registration after satisfying the conditions applicable to an unregistered Core Investment Company that does not require RBI registration.
- CDN Finance: Became eligible to operate as an unregistered Type-I NBFC and therefore relinquished its certificate.
- Regulatory authority: RBI regulates NBFCs under the Reserve Bank of India Act, 1934.
- Effect of cancellation: The five affected companies can no longer conduct regulated non-banking financial activities.
- Purpose: Such action helps remove inactive or non-compliant entities from the regulated financial system and keeps RBI’s register of authorised NBFCs updated.
Question:
Q1. Which company surrendered its RBI registration after meeting the conditions applicable to an unregistered Core Investment Company?a) CDN Finance
b) Vasudeo Securities
c) Anagram Industries
d) ASA International India Microfinance
Answer: c) Anagram Industries qualified for the exemption available to an unregistered Core Investment Company, making a separate RBI registration unnecessary.
