NBFCs (Non-Banking Financial Companies), as defined under Section 45-IA of the RBI Act, 1934, and the Companies Act, 2013, have a significant role in financial operations that involve secured and unsecured loans, marketplace lending, investments, information services providers, and any other commercial reasons. Unlike Commercial and Cooperative Banks, NBFCs operate without a banking license but remain subject to stringent oversight and compliance with the Reserve Bank of India (RBI)’s regulatory framework.
The RBI ensures robust governance of NBFCs through the policies outlined in Chapter III B of the RBI Act, 1934 — letting only committed and compliant players enter the market.
Registering as an NBFC in India is a detailed process, requiring strict adherence to eligibility criteria and submission of extensive documentation. But this process is far more than just a regulatory checkbox—it opens doors to credibility, compliance, and a competitive edge in a tightly regulated industry.
In a market hungry for innovative financial solutions and and the RBI’s increasing emphasis on regulatory adherence, aspiring NBFCs must act swiftly. Delays in registration can lead to missed opportunities. Taking quick action positions businesses to make most out of India’s large scale financial sector while maintaining full regulatory alignment.
From incorporation to final approval, we handle the details.
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When building a skyscraper—solid foundations are critical, and every detail matters. That’s what NBFC registration is: the foundation of your business. Our role? Acting as your architects, ensuring every requirement is met.
NBFC Advisory’s team we will take care of this, while you focus on your compatabilties
Welcome to NBFC Advisory, where we offer tailored services for Non-Banking Financial Companies and regulatory compliance with RBI.
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There are majorly two types of NBFC.
To register for an NBFC in India, you need to go through the NBFC registration process by submitting an application to the RBI. The RBI will consider several NBFC registration criterias before issuing a license, including:
Based on Nature
| S.No. | Nature | Count |
| 1. | NBFC Accepting Deposit | 558 |
| 2. | NBFC Not Accepting Deposit | 9446 |
Based on Activities
| S.No. | Activities | Count |
| 1 | NBFC- MFI | 97 |
| 2 | NBFC – Infrastructure Debt fund | 3 |
| 3 | NBFC- Factor | 8 |
| 4 | NBFC- Core Investment company | 59 |
| 5 | NBFC- Assets Finance Company | 278 |
| 6 | NBFC- Infrastructure Finance company | 9 |
| 7 | NBFC -P2P Lending | 25 |
| 8 | NBFC – ARC | 29 |
| 9 | NBFC-ICC | 9346 |
| 10 | NBFC Assets Size 100 crore and above | 946 |
| 11 | NBFC-Account Aggregator | 5 |
| 12 | NBFC – Non operating financial holding company | 3 |
Note :- The difference in total due to various different dates on RBI website for the data updation . You may visit to www.rbi.org.in for the lates list.
After registration, we offer ongoing support that includes:
