RBI Cancels Registration of 10 NBFCs in West Bengal, Tightens Oversight on Shadow Banking Sector

Unknown Apr 02, 2026 850 Views

The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 10 non-banking financial companies (NBFCs) based in West Bengal, citing regulatory powers under Section 45-IA(6) of the RBI Act, 1934. While no specific reasons were disclosed, the move signals heightened scru...