NON BANKING FINANCE COMPANY

Non-Banking Financial Company or NBFC is an entity that is incorporated as per the Companies Act of 1956 and 2013. These companies have played an essential role in the financial system in India by bringing in diversity and efficiency into the financial sector. NBFCs have evolved over the years in various aspects such as operations, asset quality, heterogeneity, profitability, and regulatory architecture.

Hence, customers tend to find these entities convenient as they make quick decisions, promptly provide services and expertise in niche segments. Moreover, they enhance the resilience of the country’s financial system by acting as backup institutions when banks come under stress. This article talks about Non-Banking Financial Companies (NBFC) and its various aspects.

Banks vs. NBFCs

Incorporation of NBFC

When is NBFC License with RBI Required?

Financial Companies NOT requiring NBFC License

Documents Required

Members

For Registered Office

Other Details

Deliverables

Minimum Requirements

Deliverables

Minimum Requirements

Service Charges

Rs 99999 (All inclusive)*
  • Other government charges extra

*Cost of Stamp paper as per Government rules

Service Charges

Rs 99999 (All inclusive)*
  • Other government charges extra

*Cost of Stamp paper as per Government rules