The Reserve Bank of India (RBI) has issued guidelines for Non-Banking Financial Companies (NBFCs) to enhance financial stability and governance. Key compliance highlights include:
🔹 Scale-Based Regulation (SBR): NBFCs are classified into four layers based on size and risk exposure.
🔹 Capital Adequacy: NBFCs must maintain a minimum capital adequacy ratio of 15%.
🔹 Fair Practices Code: Ensures transparency in loan processing and interest rate policies.
🔹 KYC & AML Compliance: Strengthened due diligence for high-risk customers.
🔹 Governance Standards: Regular audits and board-approved policies are mandatory.
🔹 Prudential Norms: NBFC-ND-SI must maintain a minimum Capital to Risk-Weighted Assets Ratio (CRAR) of 10%.
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