Uploaded on May 19, 2020
NBFC registrations are often a cumbersome process when there is no guidance. Educate yourself, understand the nbfc registration process, and get necessary nbfc compliances done. For more information visit https://www.muds.co.in/nbfc-registration/
NBFC Registration
NBFC REGISTRATION
PROCEDURE AND LICENSE WITH RBI IN INDIA
DESIROUS OF EXPLORING THE NBFC
SPACE ?
Rapidly-growing NBFCs do not hold Banking services are
Indian economy has banking license but not capable of
provided an excellent they offer almost fulfilling the financial
opportunity to NBFCs every service that needs of all the banks do citizens.
NBFCs have grown at Services include -
a remarkably accepting deposits,
because of their offering loans,
customer friendly performing financial
approach, great intermediation,
flexibility and an offering cash
attractive rate of advances, leasing,
returns. hire purchase, etc.
WHO IS THE REGULATORY AUTHORITY OF
NBFCS?
Within the framework of the Reserve Bank
Reser of India Act, 1934. From time to time the RBI issues guidelines and directions to be
ve followed by the NBFCs.
Bank Section 45-IA mandates that no NBFC shall
of begin or carry on the business of a Non-
India Banking Financial Institution without
(RBI) obtaining a Certificate of Registration (COR) from the RBI.
AREAS OF BUSINESS OF NBFCS
Loans
and
Advance
s
Acquisiti Insuranc
on of e
shares Business
NBFCs
Leasing Chit Business
Hire-
purchase
SERVICES THAT NBFCS CANNOT OFFER
Sale or
Purchase or
Construction Industrial Purchase or Agricultural
of Activity Sale of Any Activity
Immovable Goods
Property
DIFFERENT CATEGORIES OF NBFCS
REGISTERED WITH RBI
Micro Finance Systemically Important NBFC- Non-Operative
Institution Core Investment Financial Holding
Company Company
Infrastructure Debt
Fund Non- Banking Non-Banking Financial Mortgage Guarantee
Financial Company Company-Factors Companies
Infrastructure Finance
Company Investment Company
Asset Finance Company Loan Company
THANK YOU
FOR MORE INFORMATION:
HTTPS://WWW.MUDS.CO.IN/NBFC-REGISTRATION/
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