As many as eight non-banking finance companies (NBFCs), including Tata Motors Finance Ltd and Piramal Enterprises Ltd, have voluntarily surrendered their registration certificates to Reserve Bank of India (RBI). At the same time, the central bank has cancelled the registrations of seven NBFCs. The exits of these eight NBFCs are due to various reasons, including voluntary discontinuation of business, qualifying as unregistered core investment companies (CICs) that are exempt from registration, or ceasing to exist as legal entities following amalgamation, merger, dissolution, or voluntary strike-off, RBI says.
Those whose registrations have been cancelled by RBI include: Kolkata-based Kanoi Leasfin Ltd, Aditi Sanchar Suvidha Pvt Ltd, Welmen Dealcomm Pvt Ltd, CTC Investments Pvt Ltd, Parrot Agencies & Credit Pvt Ltd, Monolisha Management Pvt Ltd and MKN Investment Pvt Ltd.
RBI has not given any specific reason for the cancellation. Its statement merely says, "...in the exercise of powers conferred on it under section 45-IA (6) of the RBI Act, 1934, has cancelled the certificate of registration...As such, the above companies shall not transact the business of a non-banking financial institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act."
The eight NBFCs that have surrendered their registration include four from Chhattisgarh, two from Maharashtra and one each from New Delhi and Karnataka.
According to RBI, one NBFC surrendered its registration certificate after deciding to exit the NBFC business. One NBFC surrendered its certificate after meeting the criteria for an unregistered CIC, which does not require registration. Additionally, six NBFCs gave up their certificates as they ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off.
Chhattisgarh-based Rama Investment Co Pvt Ltd, Shree Nirman Ltd, Ankita Pratisthan Ltd and Mayuka Investment Ltd surrendered their registration certificate. RBI issued an order to cancel their registration on 20 January 2026.
RBI says the registration certificates of Maharashtra-based Tata Motors Finance and Piramal Enterprises have been cancelled, as these entities decided to exit the business and surrender their registrations to the RBI on 7 October 2025 and 15 December 2025, respectively.
The central bank issued another order to cancel the registration certificate of New Delhi-based AAR Shyam India Investment Company Ltd.
Sri Ramachandra Enterprises from Karnataka have also surrendered its registration certificate and RBI has issued an order to cancel its registration on 8 January 2026.
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