13 NBFCs Out of RBI Registry in Latest Regulatory Move
What Happened
The Reserve Bank of India (RBI) cancelled the registration certificates of five NBFCs: Dar's Financial Services, Rolta Holding and Finance Corporation, Vasudeo Securities, Parsoli Corporation, and A C Choksi Financial Services. Separately, eight NBFCs surrendered their registrations due to reasons such as exiting the non-banking finance business, mergers, dissolution, or no longer requiring RBI registration under applicable norms.
Key Takeaways
The move reflects RBI's ongoing efforts to keep the NBFC ecosystem compliant and streamlined. While some firms were deregistered by the regulator, others voluntarily exited or restructured, highlighting continued cleanup and consolidation within India's financial sector.