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RBI cancels licenses of 150 NBFCs leaving many firms suddenly unable to operate
Economy
Published on 14 May 2026
Delhi and West Bengal firms face abrupt shutdown
The Reserve Bank of India has cancelled the registrations of 150 non-banking financial companies, effectively barring them from conducting financial business. The highest number of affected firms are registered in Delhi (about 67) and West Bengal (about 75). The move, taken under the RBI Act, 1934, impacts lending, leasing, and investment activities tied to these NBFCs.
- RBI cancelled registrations of 150 NBFCs
- Around 67 firms from Delhi and 75 from West Bengal affected
- Companies can no longer conduct financial business
- Action taken under the RBI Act, 1934
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times