Summary
- The Reserve Bank of India has cancelled the Certificates of Registration for 13 Non-Banking Financial Companies, including 11 based in West Bengal.
- This action was taken under Section 45-IA (6) of the Reserve Bank of India Act, 1934, barring these companies from conducting non-banking financial business.
- Notable companies affected include Nakodar Finance, Ajitnath Steels, and Britex Financial Services, with cancellation orders issued in September 2026.
- The RBI's move highlights ongoing regulatory scrutiny in the NBFC sector and may signal further actions against non-compliant entities.
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