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From fresh registration to ongoing compliance — practical guidance for every stage of your regulated financial business.
Obtain your Certificate of Registration from RBI to legally operate as an NBFC.
Register as a Microfinance Institution under RBI’s NBFC-MFI framework.
Set up an Investment & Credit Company — the most common NBFC category.
License your peer-to-peer lending platform under RBI’s P2P framework.
Register a CIC to hold investments in group companies with RBI approval.
RBI registration for Housing Finance Companies: NOF, principal business test and application support.
Registration of an Asset Reconstruction Company with RBI under the SARFAESI Act, from sponsor review to application.
NBFC-Factor registration under the Factoring Regulation Act and RBI directions, including TReDS readiness.
Advisory for acquiring an existing NBFC with RBI approval — faster than fresh registration.
Browse verified NBFCs available for sale across India with clean compliance records.
NBFCs available in Mumbai and Maharashtra with RBI approvals in place.
Verified NBFCs for sale in Gujarat — ideal for MSME and gold loan businesses.
Thorough compliance and financial due diligence before you acquire an NBFC.
Voluntarily cancel your RBI COR with a proper surrender process to avoid penalties.
Revive a cancelled or lapsed NBFC registration through the RBI restoration route.
File all mandatory annual returns and reports with RBI on time, every year.
Stay compliant with MCA annual filings, board meetings, and ROC requirements.
Comply with RBI’s tiered SBR framework based on your NBFC’s asset size.
Set up and maintain a KYC and Anti-Money Laundering framework as per RBI guidelines.
Register and upload customer KYC records to the Central KYC Registry (CKYCR).
Register secured assets on CERSAI — mandatory for all lending NBFCs.
Register with the Financial Intelligence Unit of India for AML reporting compliance.
Internal audit of your NBFC’s RBI compliance health — identify and fix gaps before regulators do.
Preparation and filing of RBI supervisory returns for NBFCs on the CIMS portal, on schedule.
Board-approved policies RBI expects from NBFCs: Fair Practices Code, KYC, ALM, outsourcing, grievance and IT.
Get licensed as a Payment Aggregator to collect payments on behalf of merchants.
License to aggregate cross-border payments for import and export transactions.
Launch a digital wallet or prepaid card product with RBI’s PPI license.
Set up an RBI-regulated AA entity to facilitate secure financial data sharing.
Structure your digital lending operations in line with RBI’s digital lending guidelines.
Obtain an RBI license to operate as a credit bureau or credit information company.
Advisory on FEMA obligations for NBFCs dealing with foreign investment or transactions.
Settle FEMA violations through RBI’s compounding route and obtain closure.
Manage External Commercial Borrowing reporting and compliance obligations with RBI.
Navigate RBI’s FDI regulations when raising foreign investment into your NBFC.
Prepare a board-quality business plan for RBI submission during NBFC registration.
Structure a co-lending arrangement between your NBFC and a bank or fintech partner.
Outsource your CFO function to a team that understands NBFC finance and compliance.
Non-banking financial companies (NBFCs) and most regulated fintech models in India are supervised by the Reserve Bank of India. Under Section 45-IA of the RBI Act, 1934, a company cannot commence or carry on the business of a non-banking financial institution without a Certificate of Registration (CoR) from the RBI. A company is generally treated as carrying on this business when it meets the principal business test: financial assets above 50 per cent of total assets and income from financial assets above 50 per cent of gross income.
The rules are now largely consolidated in the RBI (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025. These set the minimum Net Owned Fund for each category (for example, a glide path to ₹10 crore for NBFC-ICC and NBFC-MFI, and ₹2 crore for NBFC-P2P and NBFC-AA) and place NBFCs in layers with graded requirements.
This section also covers payment and data businesses regulated under separate frameworks: payment aggregators and prepaid payment instruments under the Payment and Settlement Systems Act, 2007, account aggregators, peer-to-peer lending platforms, digital lending arrangements, housing finance companies, asset reconstruction companies and core investment companies. Alongside licensing, it covers continuing obligations such as RBI and ROC returns, KYC and AML controls, FIU-IND reporting, CKYC and CERSAI filings, board-approved policies, and foreign investment into NBFCs.
The right route depends on where you are starting from and what the business will actually do.
Expertvuw assists with documentation and coordination; filings are certified by independent professionals where the law requires, and every approval is decided by the RBI.
Not always. Registration under Section 45-IA of the RBI Act, 1934 is generally needed when financial activity is the principal business, meaning financial assets exceed 50 per cent of total assets and financial income exceeds 50 per cent of gross income. Certain categories are exempted under the RBI’s directions. Whether a specific business needs a CoR depends on its balance sheet and activities, so it should be assessed case by case.
It depends on the category. As per the current RBI Scale Based Regulation directions, NBFC-ICC and NBFC-MFI are on a glide path to ₹10 crore by 31 March 2027, while NBFC-P2P and NBFC-AA require ₹2 crore. HFCs and some other categories follow separate directions. These figures are revised from time to time, so check the latest RBI notification before planning capital.
Generally yes. Under the RBI’s directions on acquisition of shareholding or control, prior written approval is typically required for any takeover or change in control, and for acquiring 26 per cent or more of paid-up equity. A public notice in newspapers is usually required at least 30 days before the change takes effect. Timelines depend on the RBI’s review.
A fintech can operate as a lending service provider for a regulated entity such as a bank or NBFC, but the loan must be on the regulated entity’s books and the arrangement must follow the RBI’s digital lending directions, including disclosures, fund flows and grievance redressal. Lending in its own name on a principal basis generally requires RBI registration.
Under the RBI (Regulation of Payment Aggregators) Directions, 2025, a non-bank applicant generally needs a minimum net worth of ₹15 crore at the time of application and ₹25 crore by the end of the third financial year after authorisation. Authorisation is granted under the Payment and Settlement Systems Act, 2007, and the RBI’s decision depends on its assessment of the application.