Mumbai, Oct. 9 -- The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoRs) of 13 Non-Banking Financial Companies (NBFCs), including 11 registered in West Bengal, barring them from carrying out non-banking financial business, according to an official press release issued on Friday.

The central bank said it had cancelled the registrations "in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934."

Of the 13 NBFCs, 11 have registered offices in West Bengal, while the remaining two are based in Tamil Nadu. The cancellation orders were issued on various dates in September 2026.

Among the companies whose registrations were cancelled are Nakodar Finance, Ajitnath Steels,...