RBI Cancels Five NBFC Licences: August 2026 Action
Why in the news
Between 4 and 31 August 2026, the Reserve Bank removed five non-banking finance companies from its register and accepted surrender requests from eight more.
Key facts
- Period: 4-31 August 2026.
- Cancelled CoRs: five NBFCs.
- Surrendered licences accepted: eight entities.
- Legal provision: Section 45-IA(6) of the RBI Act, 1934.
NBFCs whose CoRs were cancelled
- A C Choksi Financial Services
- Parsoli Corporation
- Vasudeo Securities
- Rolta Holding and Finance Corporation
- Dar’s Financial Services
About the surrenders
Some of the surrendering entities left NBFC business altogether, some were merged or dissolved, and others were reclassified as entities that need no NBFC registration.
Exam angle
- Document cancelled: Certificate of Registration (CoR).
- Act and section: RBI Act, 1934, Section 45-IA(6).
- Counts: five cancelled, eight surrendered.