The Reserve Bank of India’s (RBI) revised Net Owned Fund (NOF) requirements will impact thousands of NBFCs across India. Whether you operate as an NBFC-ICC, NBFC-MFI, NBFC-Factor, or a Type I NBFC, understanding these regulatory changes is crucial for compliance and business continuity.
What’s Inside This Article?
✅ Breakdown of RBI’s Glide Path for NOF Compliance
✅ Key Clarifications for Type I and Non-Type I NBFCs
✅ Important Deadlines and Compliance Strategies
✅ Evolution of the NBFC Registration Process
What Does This Mean for Your NBFC?
- Do you need to increase your NOF to ₹10 crore or ₹5 crore?
- Can your NBFC maintain a lower NOF of ₹2 crore?
- What actions should you take before March 31, 2025?
Staying ahead of these regulatory changes will ensure your NBFC remains compliant and continues to thrive in India’s financial ecosystem.