RBI Reinstates Two NBFCs; 26 Leave Sector

The Reserve Bank of India (RBI) has recently restored the Certificate of Registration (CoR) of two non-banking financial companies (NBFCs) while cancelling that of sixteen others amid regulatory enforcement actions. Ten other

NBFCs also surrendered their Certificate of Registration to the regulator, press releases issued by the RBI on it’s website showed.

The two NBFCs whose CoRs have been reinstated are Shabros Fin-Vest Private Limited and Alpine Finlease Limited. The restoration follows favorable orders from the Appellate Authority and relevant courts.

The RBI has advised these firms to ensure strict adherence to the RBI Act provisions, regulatory guidelines, and reporting norms.

Shabros Fin-Vest had earlier faced

cancellation due to issues around meeting the minimum Net Owned Fund requirements but has successfully challenged the cancellation and complied with the requisite conditions.

Conversely, the RBI has cancelled the certificates of registration of sixteen NBFCs. This move prohibits these entities from carrying out any NBFC-related activities in India as per Section 45-I of the RBI Act, 1934.

Some prominent names among those cancelled include Wadhawan Global Capital Limited, Praptee Savings and Investment (India)

Limited, Sharmistha Investments Private Limited, Softfin Investments Private Limited, and Tele Link Securities and Finance Limited among others. The cancellations were issued between July 7 and July 25, 2025.

RBI cancels Certificate of Registration of 16 NBFCs:

1. Wadhawan Global Capital Limited


2. Praptee Savings and Investment (India) Limited


3. Sharmistha Investments Private Limited


4. ⁠Softfin Investments Private Limited


5. Tele Link Securities and Finance Limited


6. Tyche Securities Pvt Ltd


7. Bharat
   Monetary Services Pvt. Ltd.


8. NCS Finance Private Limited


9. Geopreneur Fincorp Private Limited


10. Indo-Euro Investments Company Limited


11. Investrick Securities (India) Private Limited


12. Jem Fiscal Limited


13. Karvirvasini Investments and Finance Private Limited


14. Kaundinya Investment and Finance Private Limited


15. Silver Golden Property Develop Fin Investment Limited


16. Simplex Trading and Agencies

Additionally, ten NBFCs have voluntarily surrendered their certificates of registration to the RBI, signaling an exit from the NBFC business.

Companies such as Poonawalla Investments and Industries, Zenith Securities and Investment, Kansal Fincap, and Mango Finance (India) Private Limited are among those who have chosen to surrender their CoRs.

Some cancellations of CoRs were due to the NBFCs meeting the criteria for unregistered Core Investment Companies (CICs) that do not require registration, such as India Finsec Limited. Others were cancelled due to the NBFCs ceasing to exist as legal entities because of amalgamation, merger, dissolution, or voluntary strike-off. Examples include

Maya Fincap Pvt Ltd, GMR Airports Limited, and Macrofil Investments Limited.

RBI restores Certificate of Registration of 2 NBFCs:

1. Shabros Fin-Vest Private Ltd


2. Alpine Finlease

10 NBFCs surrender their Certificate of Registration to RBI

Cancellation of CoR due to exit from NBFC Business:

1. Poonawalla Investments and Industries


2. Zenith Securities and Investment


3. Kansal Fincap


4. The Swastik Safe Deposit and Investments


5. Satram Leasing and Finance


6. Mango Finance (India) Private Limited

Due to meeting the

criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration:

1. India Finsec Limited

Cancellation of CoR due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc:

1. Maya Fincap Pvt Ltd


2. GMR Airports Limited


3. ⁠Macrofil Investments Limited

The RBI periodically reviews the authorisation status of NBFCs to ensure compliance with its regulatory framework. Restoration, surrender, and cancellation of CoRs are part of its supervisory function aimed

at maintaining transparency and stability in the financial sector.