RBI Cancels NBFC Licences of 13 Companies
RBI has cancelled the Certificate of Registration of 13 NBFCs, meaning these companies can no longer legally operate as lenders in India.
13 non-banking financial companies have had their RBI licences permanently cancelled, effective September 2026
Key Takeaways
Check the full list of 13 companies on the official RBI press release (rbi.org.in, press release ID 63773) to confirm whether your lender or any company you have dues with appears on it.
If you have an existing loan with any of these NBFCs, note that your repayment obligation remains legally valid — continue paying as per your loan agreement and obtain written receipts for every payment made.
If any of these companies engages in coercive recovery practices or if you face any dispute over your account after their licence cancellation, file a complaint first with the company, then escalate to the RBI Ombudsman via sachet.rbi.org.in.
RBI has cancelled the Certificate of Registration of 13 NBFCs, meaning these companies can no longer legally operate as lenders in India.
Here's what happened: RBI has cancelled the Certificate of Registration (CoR) of 13 non-banking financial companies (NBFCs), stripping them of their legal authorisation to operate as lenders in India.. The cancellations were issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934, with orders dated between September 7, 2026 and September 14, 2026.. The affected companies are spread across Chennai and Kolkata and include Nakodar Finance Private Limited, Booh Finance Company Pvt Ltd, Britex Financial Services Pvt Ltd, Sajili Vinimay Pvt Ltd, and nine others listed in the RBI notice.. From the date of each cancellation order, these entities are no longer RBI-registered NBFCs and cannot legally carry out NBFC activities, including issuing new loans..
What you should do: Check the full list of 13 companies on the official RBI press release (rbi.org.in, press release ID 63773) to confirm whether your lender or any company you have dues with appears on it.. If you have an existing loan with any of these NBFCs, note that your repayment obligation remains legally valid — continue paying as per your loan agreement and obtain written receipts for every payment made.. If any of these companies engages in coercive recovery practices or if you face any dispute over your account after their licence cancellation, file a complaint first with the company, then escalate to the RBI Ombudsman via sachet.rbi.org.in..
The cancellations primarily affect borrowers and any counterparties of these 13 small NBFCs, most of which appear to be non-deposit-taking entities based in Chennai and Kolkata. Customers of mainstream banks, large NBFCs, or other RBI-registered lenders are not affected by this action. If you are unsure whether a finance company you deal with is still RBI-registered, you can verify its status on the RBI's public list of registered NBFCs at rbi.org.in.
For complaints against banks or NBFCs, our RBI complaint guide explains the free RB-IOS 2026 route.
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This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.
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