RBI cancels registration of 36 NBFCs
Why in the news
The central bank struck off a batch of non-banking lenders in March 2026 as part of tighter oversight of the financial sector.
Key facts
- Action: cancellation of certificates of registration (CoR) of 36 NBFCs.
- Legal basis: Reserve Bank of India Act, 1934; the entities cannot conduct NBFC business any more.
- Voluntary exits: nine NBFCs gave up their licences, citing business exits or mergers.
Numbers at a glance
| Category | Count |
|---|---|
| Registrations cancelled by RBI | 36 |
| Licences surrendered voluntarily | 9 |
Significance
The step forms part of RBI’s regulatory action to strengthen supervision of the financial sector.
Exam angle
- Number cancelled: 36 NBFCs.
- Number surrendered voluntarily: 9.
- Act involved: RBI Act, 1934.
- Reasons for surrender: business exit or merger.