Reserve Bank cancels Certificate of Registration of Gandhinagar Leasing and Finance Ltd.

The notice is narrow but operationally important: it confirms that NBFC authorisation can be withdrawn and that firms dealing with NBFC counterparties must treat registration status as a live control, not a one-off onboarding check. Compliance teams should verify whether their firm has any exposure to the named entity, update counterparty and vendor-risk records, and confirm that any related servicing, collections, outsourcing or customer-handling arrangements remain lawful and properly governed. Lenders and funding providers should review security, assignment and set-off positions and seek legal advice before taking action.

For NBFCs more broadly, the action reinforces the need to maintain regulatory capital, governance, reporting and fit-and-proper standards, and to keep evidence of CoR status and permitted activities. Customer-facing teams should be prepared to handle queries and complaints if the entity appears in broker, introducer or servicing chains. No system-wide deadline is stated, so the immediate priority is exposure assessment and register monitoring rather than wholesale remediation.