RBI Fined Top NBFCs – Are You Next?

NBFCs play a crucial role in India’s credit ecosystem, but non-compliance and operational missteps can lead to RBI penalties, financial losses, or even shutdowns!

Recently, RBI imposed penalties totaling ₹76.60 lakh on four NBFC-P2P lenders – Faircent, LEO1, Finzy, and Rang De.

If established players are facing fines, smaller NBFCs must stay extra cautious!

 

Common Mistakes NBFCs Make & How to Avoid Them

1. Ignoring RBI Compliance → License cancellations & hefty fines!

Solution: Regular audits, updated policies & compliance automation.

2. Poor Risk Management → High defaults & financial instability

Solution: Strong credit checks & diversified loan portfolios.

3. Mismatched Funds (ALM Issue) → Liquidity crises

Solution: Match long-term loans with stable funding sources.

4. Uncontrolled Growth → Expanding too fast = financial disaster!

Solution: Scale sustainably & avoid excessive borrowing.

5. Weak Loan Collection → Rising NPAs & lost revenue

Solution: AI-powered tracking & proactive debt recovery strategies.

6. Hidden Charges & Poor Customer Experience → Lost trust

Solution: Transparent pricing & customer-centric policies.

7. Weak Leadership & Governance → Poor decision-making harms stability

Solution: Strong internal controls & independent oversight.

8. Ignoring Cybersecurity Risks → Data breaches damage trust

Solution: Secure IT infrastructure & data protection policies.

NBFCs That Avoid These Mistakes → Grow Faster & Stronger!

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