NBFC Advisor

𝘙𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘠𝘰𝘶𝘳 𝘕𝘉𝘍𝘊

  • 06-Jul-2025
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π˜™π˜¦π˜¨π˜ͺ𝘴𝘡𝘦𝘳𝘦π˜₯ 𝘠𝘰𝘢𝘳 π˜•π˜‰π˜π˜Š? π˜›π˜©π˜’π˜΅’𝘴 π˜–π˜―π˜­π˜Ί 𝘡𝘩𝘦 𝘍π˜ͺ𝘳𝘴𝘡 𝘚𝘡𝘦𝘱.

Many founders breathe a sigh of relief after receiving their NBFC license. But in reality, registration is just the beginning. The real challenge lies in maintaining regulatory compliance and building a trustworthy financial institution.

The Reserve Bank of India (RBI) has laid down clear expectations for newly registered NBFCs — and timely action is critical.

βœ… Key Post-Registration Requirements for New NBFCs:

1. Appoint a Statutory Auditor
Within one month of registration, you must appoint a statutory auditor and submit the Auditor’s Certificate to the RBI.

2. Adopt Internal Policies
Your NBFC must frame and implement:

  • A Board-approved Fair Practices Code

  • A KYC Policy in line with RBI directions

3. File Your First Returns — Even Without Business Activity
Even if you haven’t started lending, you are required to file initial returns such as NBS-9 or others applicable based on your NBFC type.

πŸ” Mandatory Post-License Registrations:

Your NBFC must register with several regulatory and data-reporting bodies to begin operations lawfully:

→ CICs – Credit Information Companies (like CIBIL, Equifax, Experian)
→ CKYC – Central KYC Registry
→ CERSAI – Central Registry of Securitisation Asset Reconstruction and Security Interest
→ FIU-IND – Financial Intelligence Unit for anti-money laundering compliance

⚠️ What Happens If You Miss Deadlines?

Failure to meet the initial regulatory requirements can lead to:

  • Penalties

  • Suspension of operations

  • Even cancellation of your NBFC license

βœ… Your License is Just the Start. Build a Compliant, Credible NBFC.

Getting RBI’s approval is an achievement — but building a compliant lending business is where success truly begins. If you're unsure about how to proceed, you’re not alone.

We help new NBFCs set up end-to-end compliance frameworks, internal systems, and handle regulatory filings — so you can focus on growth without worrying about compliance pitfalls.

πŸ“ž Contact us for a free consultation
+91 93113 47006

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