RBI Cancels Five NBFC Registrations: What Borrowers and Customers Should Check Now
RBI cancelled the registrations of five NBFCs on 17 September 2026, while eight others surrendered registrations. Here is what customers should verify before paying or borrowing.
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The quick answer
The Reserve Bank of India said on 17 September 2026 that it had cancelled the Certificates of Registration of five non-banking financial companies. Separately, eight other NBFCs surrendered their registrations for reasons including exiting the non-banking financial business, merger or dissolution, or no longer requiring registration under the applicable criteria.
For customers, the practical lesson is simple: verify a lender’s current regulatory status before taking a new loan, making an unusual payment, or acting on a message claiming that an NBFC has changed its bank account or legal identity. A cancelled registration is not the same thing as every voluntary surrender, and neither should be interpreted from a social-media forward.
Which five NBFC registrations were cancelled?
- Dar's Financial Services Pvt Ltd
- Rolta Holding and Finance Corporation Private Limited
- Vasudeo Securities Pvt Ltd
- Parsoli Corporation Limited
- A. C. Choksi Financial Services Pvt. Ltd., identified in the RBI material with its MCA name Deus Financial Capital Private Limited
The RBI acted under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The consequence stated in the regulatory material is that the affected companies shall not transact the business of a non-banking financial institution as defined under the Act.
Eight other NBFCs surrendered registrations — but the reasons differ
The separate surrender list should not be casually described as eight more licence cancellations. Reports citing the RBI release say Anupam Mercantile, Grand Motor and Finance, Sky Limit International Finance and ASA International India Microfinance surrendered after exiting NBFI business. Shivam Securities and April Investment and Finance ceased to be legal entities following amalgamation, merger, dissolution or voluntary strike-off. Anagram Industries and CDN Finance surrendered after meeting criteria under which registration was no longer required.
Fact versus interpretation
| Fact | What it does not automatically mean |
|---|---|
| RBI cancelled five Certificates of Registration | It does not mean every NBFC in India is under stress. |
| Eight other entities surrendered registrations | A surrender is not automatically evidence of misconduct; reasons include business exit, merger and regulatory-category changes. |
| An entity's regulatory status can change | Customers should not redirect payments based only on an unsolicited message. |
What an existing borrower should do
- Do not stop a scheduled EMI merely because you saw the company name in a headline. A loan obligation and the regulatory status of the lender are related issues but not the same question.
- Verify any new payment instruction independently. If someone asks you to pay into a different account, use established contact details and documentary communication rather than a link or phone number supplied in the same message.
- Preserve your loan records. Keep the sanction letter, agreement, repayment schedule, account statements, receipts and closure/NOC documents.
- Check the legal counterparty. If servicing, assignment, merger or another legal change is communicated, ask for the formal basis and updated servicing details.
- Use RBI and official company channels for verification. Do not rely on screenshots or forwarded PDFs.
What a new borrower should check before choosing an NBFC
Regulatory registration is only one part of lender due diligence. Borrowers should also compare the actual product, benchmark or rate structure, fees, reset terms, prepayment conditions, insurance bundling, documentation requirements, grievance process and the lender’s suitability for their profile. A familiar brand name alone is not a substitute for reading the Key Facts Statement and sanction terms.
Does this affect home-loan borrowers generally?
No broad home-loan rule changed because of this action. The announcement concerns specific NBFC registrations. It does not change the RBI repo rate, automatically reprice existing home loans, or imply a sector-wide restriction on housing finance. If your lender is not one of the named entities, do not infer that your loan has been affected merely from the headline.
Why this matters for digital borrowers
Loan servicing is increasingly digital, which makes verification especially important when a borrower receives an unexpected request to change a payment destination, upload documents again, or share an OTP. Regulatory news can be exploited by fraudsters to create urgency. The safer approach is to verify through a known official channel before acting.
What to watch next
Customers connected to any named entity should watch for formal servicing, assignment or closure communications and any further regulatory directions. RiteAssetz will update this article if RBI publishes a material follow-up affecting borrowers.
FAQ
Does cancellation of an NBFC registration erase a borrower's outstanding loan?
No. Do not assume a debt disappears because the lender's regulatory status changes. Borrowers should verify the lawful servicing and payment arrangements and continue preserving repayment records.
Are the eight surrendered registrations also RBI punishments?
No. The reported reasons include voluntary business exit, merger or dissolution, and meeting criteria under which registration was no longer required. They should not all be characterised as punitive cancellations.
Should I transfer my EMI to a new account if someone messages me after this news?
Not without independent verification. Confirm any payment-account change using established official channels and formal documentation.
RiteAssetz takeaway: regulatory status is one of several checks in a responsible borrowing decision. For a home loan or loan against property, compare lender fit, costs, documentation and terms before committing, and keep your repayment trail organised throughout the loan.