Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
Fema / RBI : The article explains that a company qualifies as an NBFC only when more than 50% of both its assets and income arise from financia...
Fema / RBI : RBI has created a new category called Unregistered Type 1 NBFC for companies operating only with internal or group funds and witho...
Fema / RBI : RBI plans to ease registration norms for low-risk NBFCs to reduce compliance burden. The move aims to encourage innovation while m...
Fema / RBI : The draft directions require compulsory registration once assets cross ₹1,000 crore. Regulatory intensity now rises with systemi...
Fema / RBI : RBI drafts amendments to NBFC Scale Based Regulation, introducing 'High-quality infrastructure projects' and tiered risk weights o...
Fema / RBI : The RBI's draft directions for NBFCs, effective April 1, 2026, revise guidelines on lending to 'related parties' to manage conflic...
CA, CS, CMA : RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asse...
Fema / RBI : The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportu...
Income Tax : An NBFC's claim for on an irrecoverable loan was allowed by the ITAT, which overturned the disallowance. The court ruled that non-...
Income Tax : ITAT Mumbai held the disallowance on basis that the ESOP expenses is contingent in nature cannot be sustained. However, amount cla...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...
Fema / RBI : NBFCs can retain or upgrade borrower accounts to standard upon resolution plan implementation. The amendment balances borrower rel...
Fema / RBI : The RBI proposes replacing the existing dual methodology with a single asset-based criterion for identifying NBFC-UL entities. The...
Fema / RBI : RBI’s Amendment Directions enable NUCFDC to raise capital beyond statutory private placement limits. The decision ensures broade...
Fema / RBI : The RBI amended NBFC Credit Facilities Directions to align asset classification and provisioning with updated prudential norms. Th...
Fema / RBI : The RBI has amended IRACP norms to permit NBFCs to factor in Default Loss Guarantee arrangements while computing Expected Credit L...
Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs Reserve Bank of Indiaand NBFCs (including Housing Finance Companies)
As per Para 6.4, whether the time gap of one year between any non-audit works by the SCAs/SAs for the Entities or any audit/non-audit works for its Group Entities has to be ensured for all the Entities in the Group or the RBI Regulated Entities in the Group?
In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial company can commence or carry-on business of a non-banking financial institution without a) obtaining a certificate of registration from the RBI.
REQUIREMENTS AS PER RBI ACT, 1934 1. Requirement of prior approval of Reserve Bank Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs). 2. Application for prior approval NBFCs shall submit an application, in the company letter head, for obtaining prior approval of the Bank, […]
With strong RBI regulations in place since the IL&FS crisis, the big NBFCs have been facing a credit crunch since 2019. However, mid-size and small size NBFCs have been doing well and ready to raise a significant amount of FDI for retail lending. India has about 9000+ active NBFCs but hardly 954 of them have […]
Overview and regulatory aspects of Non-Banking Financial Companies (NBFC) NBFC- Meaning & definition: Financial sector in addition to banking system is huge sector. Like all over the word, NBFC plays significantly important role to complement the banking system in India. Non-banking financial company (NBFC) means a company registered under the Companies Act 2013 or under […]
Non Banking Finance Company plays a vital role in the Indian economy as it provides loan to > Start-ups as business loan > Salaried employees as Personal loan to fulfil their essential requirements > Farmers as Agriculture Loan > People in need of Assets as Assets Finance Loan and etc. To set up a Non […]
NBFC Registration Process and Cost for Different Types of Entities As per Section 45-IA of the RBI Act, 1934, no Non-banking Financial Company can commence or carry on the business of a non-banking financial institution without a) obtaining a certificate of registration from the Bank and without having a Net Owned Funds of Rs. 25 […]
The Reserve Bank of India (RBI) can exercised the power under The Reserve Bank of India Act, 1934 to issue or cancel the certificate of Non-Banking Finance Company (NBFC) in India. The Reserve Bank of India plays the key role of the Regulatory body and an authority to supervise and regulate NBFCs in India. RBI grants […]
People who have not had a long career in the financial market tend to wonder why is it necessary to get an NBFC registration before starting a private lending institution. The story goes back to the post-colonial era when the only lenders who were well regulated were scheduled banks. The private lenders were not accountable […]
