{"id":5443,"date":"2019-03-18T04:50:07","date_gmt":"2019-03-18T04:50:07","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=5443"},"modified":"2020-10-07T10:39:03","modified_gmt":"2020-10-07T10:39:03","slug":"nbfc-compliance","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/nbfc-compliance\/","title":{"rendered":"NBFC Compliance: what are the requirements as per RBI Act?"},"content":{"rendered":"

According to an RBI report, in 2017,\u00a0Non-Banking Financial Company<\/a>, are performing better than the banks are saddled by bad loans and poor profitability. The realization comes as NBFCs has been the largest net borrowers of funds from the financial system, in a few financial years. There are growth opportunities<\/strong> for NBFCs because they are involved in\u00a0contributing, immensely, to India\u2019s economic growth, despite the issues regarding the NBFCs.<\/p>\n

In other words, no Non-banking Financial Company (NBFC<\/strong>) can commence or carry on a business of a non-banking financial institution These financial institutions do not have a banking license but\u00a0offer various banking services<\/strong>, namely:<\/p>\n