Post-Incorporation Compliances for NBFC
Inside This Article Non-Banking Financial Companies (NBFCs) play an essential role in the Indian financial system by offering credit, loans, and investment options. However, the incorporation of an NBFC is only the first step. To ensure regulatory compliance and smooth business operations, NBFCs must follow several post-incorporation requirements set by the Reserve Bank of India […]
Is CKYC Mandatory for NBFCs?
Inside This Article When it comes to financial compliance, there are always a lot of questions—and one of the most common ones we hear from NBFCs is: Is CKYC mandatory for us? The Central Know Your Customer (CKYC) system has simplified the KYC process for financial institutions, making it easier to verify customer identities and […]
RBI’s Latest NBFC Compliance Guidelines – What You Need to Know
Inside This Article The Reserve Bank of India (RBI) has introduced some significant changes to the regulatory landscape for Non-Banking Financial Companies (NBFCs). These updates aim to improve financial stability, enhance transparency, strengthen risk management, and promote ethical lending practices. By enforcing stricter guidelines, the RBI seeks to create a more robust and sustainable NBFC […]
What is CKYC? A Simple Guide by NBFC Advisory
Inside This Article The financial world is evolving rapidly, and keeping up with regulatory requirements can be overwhelming. One initiative that has streamlined the Know Your Customer (KYC) process in India is the Central Know Your Customer (CKYC) system. Managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India), CKYC simplifies […]
Understanding Credit Reports and Credit Scores for NBFC Compliance
Inside This Article In India’s rapidly evolving financial sector, Non-Banking Financial Companies (NBFCs) play a crucial role in providing loans, credit facilities, and financial services to businesses and individuals. However, with growing regulatory scrutiny, NBFCs must ensure robust credit assessment practices to mitigate risks and comply with Reserve Bank of India (RBI) guidelines. A fundamental […]
Non-Compliance with RBI Regulations: Consequences for NBFCs
Inside This Article Non-Banking Financial Companies (NBFCs) play a critical role in India’s financial landscape by providing credit, loans, and investment services outside the traditional banking system. However, operating an NBFC comes with stringent regulatory obligations enforced by the Reserve Bank of India (RBI). Failing to comply with RBI’s regulations can lead to severe […]
NBFC Compliance Checklist and Calendar – The Ultimate Guide for 2025
Non-Banking Financial Companies (NBFCs) play a crucial role in India’s financial ecosystem, providing lending and investment services outside the traditional banking sector. However, with increased regulatory scrutiny, NBFC compliance is now more critical than ever. Failure to comply with RBI regulations for NBFCs can result in hefty fines, restrictions, and even revocation of licenses. This […]
NBFC Compliance: Your Ultimate Guide to Success in 2025
Inside This Article Non-Banking Financial Companies (NBFCs) are essential players in India’s financial system, offering services like loans and credit to businesses and individuals. To operate legally and successfully, NBFCs must follow specific rules and guidelines set by the Reserve Bank of India (RBI). Understanding and meeting these NBFC Compliance requirements may seem challenging, but […]
What Are Credit Information Companies (CICs) and How Do They Work?
Introduction: Understanding the Backbone of Credit Reporting in India In today’s financial ecosystem, making informed lending decisions is crucial, both for financial institutions and individual borrowers. But how do banks and Non-Banking Financial Companies (NBFCs) assess someone’s creditworthiness? That’s where Credit Information Companies (CICs) step in. These specialized entities gather and maintain individuals’ and businesses’ […]
Why is FIU-IND Compliance Necessary for NBFCs?
Inside This Article In today’s rapidly changing financial scenario, compliance has taken the dimension of being not only a regulatory requirement but is the backbone of the best financial system there can be. A very significant compliance requirement for financial institutions in India pertains to guidelines issued by the Financial Intelligence Unit of India, FIU-IND. […]
