๐๐ฆ๐จ๐ช๐ด๐ต๐ฆ๐ณ๐ฆ๐ฅ ๐ ๐ฐ๐ถ๐ณ ๐๐๐๐? ๐๐ฉ๐ข๐ตโ๐ด ๐๐ฏ๐ญ๐บ ๐ต๐ฉ๐ฆ ๐๐ช๐ณ๐ด๐ต ๐๐ต๐ฆ๐ฑ.
Many founders breathe a sigh of relief after receiving their NBFC license. But in reality,ย registration is just the beginning. The real challenge lies inย maintaining regulatory complianceย and building a trustworthy financial institution.
The Reserve Bank of India (RBI) has laid down clear expectations for newly registered NBFCs โ and timely action is critical.
โ Key Post-Registration Requirements for New NBFCs:
1. Appoint a Statutory Auditor
Within one month of registration, you must appoint a statutory auditor and submit the Auditorโs Certificate to the RBI.
2. Adopt Internal Policies
Your NBFC must frame and implement:
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A Board-approvedย Fair Practices Code
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Aย KYC Policyย in line with RBI directions
Mandatory Post-License Registrations:
Your NBFC must register with several regulatory and data-reporting bodies to begin operations lawfully:
โย CICsย โ Credit Information Companies (like CIBIL, Equifax, Experian)
โย CKYCย โ Central KYC Registry
โย CERSAIย โ Central Registry of Securitisation Asset Reconstruction and Security Interest
โย FIU-INDย โ Financial Intelligence Unit for anti-money laundering compliance
ย File Your First Returns โ Even Without Business Activity
Even if you havenโt started lending, you are required to file initial returns such as NBS-9 or others applicable based on your NBFC type.
What Happens If You Miss Deadlines?
Failure to meet the initial regulatory requirements can lead to:
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Penalties
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Suspension of operations
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Evenย cancellation of your NBFC license
โ Your License is Just the Start. Build a Compliant, Credible NBFC.
Getting RBIโs approval is an achievement โ but building a compliant lending business is where success truly begins. If you’re unsure about how to proceed, youโre not alone.
We help new NBFCs set up end-to-end compliance frameworks, internal systems, and handle regulatory filings โ so you can focus on growth without worrying about compliance pitfalls.
