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NBFCs, Are You XBRL Compliant?

  • 02-Apr-2025
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XBRL (Extensible Business Reporting Language) is a standardized format designed to enhance accuracy and efficiency in financial reporting.

As per RBI regulations, all NBFCs, particularly those classified under Non-Deposit Taking and Non-Systemically Important (ND-NSI) with asset sizes below ₹500 crore, must file their returns using the XBRL system.

Benefits of XBRL Filing:

✔ Enhanced Accuracy: Minimizes errors in financial reporting.
✔ Improved Efficiency: Simplifies the preparation and submission of financial statements.
✔ Greater Transparency: Enables better analysis and comparison of financial data.

🚨 Non-compliance may result in penalties and risks! Ensure your returns are filed accurately and on time.

Need Expert Assistance with XBRL Filing?

📞 Contact us for a free consultation: +91 93113 47006

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