NBFC COMPLIANCE IN INDIA

NBFC Compliance Services in India – RBI Regulatory & Ongoing Compliance

Stay RBI-Compliant. Strengthen Governance. Protect Your NBFC.

Running a Non-Banking Financial Company (NBFC) in India involves continuous regulatory, financial, governance and reporting obligations.

Unlike an ordinary company, an NBFC operates within a specialised regulatory framework administered primarily by the Reserve Bank of India (RBI). Compliance requirements can vary depending on the type of NBFC, its activities, asset size, regulatory layer and other applicable regulations.

Indian Institute of Legal English (IILE) provides professional assistance and guidance for businesses seeking support with NBFC Compliance, RBI Compliance, NBFC Regulatory Compliance, ROC Compliance, RBI Returns, KYC/AML Compliance, Corporate Governance, Prudential Compliance and ongoing regulatory requirements.

COMPLIANCE TODAY. CONFIDENCE TOMORROW.

WHAT IS NBFC COMPLIANCE?

NBFC Compliance refers to the ongoing process of ensuring that a Non-Banking Financial Company follows the applicable laws, RBI directions, regulatory requirements, reporting obligations and corporate governance standards governing its operations.

NBFC compliance may cover areas such as:

• RBI regulatory compliance
• Scale Based Regulation
• Prudential norms
• Capital and Net Owned Fund requirements
• Income recognition and asset classification
• Provisioning requirements
• Governance requirements
• Board-approved policies
• KYC and AML compliance
• Customer protection
• Fair Practices Code
• Interest rate and lending-related requirements
• Digital lending requirements, where applicable
• Credit information reporting
• RBI returns
• Financial reporting
• Statutory audit
• Fraud risk management
• Risk management
• Grievance redressal
• Internal controls
• Corporate law compliance

The exact requirements depend on the NBFC's category, business model, regulatory layer and applicable RBI directions.

NBFC COMPLIANCE IS NOT A ONE-TIME TASK — IT IS AN ONGOING REGULATORY RESPONSIBILITY.

WHY IS NBFC COMPLIANCE IMPORTANT?

NBFCs handle financial activities involving borrowers, investors, lenders and other stakeholders. Regulatory compliance therefore plays an important role in maintaining financial discipline and protecting the interests of customers and the financial system.

Non-compliance may expose an NBFC to:

• Regulatory action
• Monetary penalties
• Supervisory concerns
• Restrictions on business activities
• Reputational damage
• Customer complaints
• Reporting issues
• Operational risks
• Governance concerns

The RBI has taken supervisory action against NBFCs for regulatory concerns, demonstrating the importance of maintaining continuous compliance rather than treating compliance as a formality.

DON'T WAIT FOR A REGULATORY NOTICE TO START TAKING COMPLIANCE SERIOUSLY.

NBFC SCALE BASED REGULATION

RBI Scale Based Regulatory Framework for NBFCs

The RBI's Scale Based Regulation (SBR) framework classifies NBFCs into four regulatory layers:

1. NBFC BASE LAYER (NBFC-BL)

The Base Layer generally covers NBFCs subject to the applicable requirements prescribed for this layer.

2. NBFC MIDDLE LAYER (NBFC-ML)

NBFCs falling within the Middle Layer are subject to additional regulatory, governance, prudential and risk-management requirements.

3. NBFC UPPER LAYER (NBFC-UL)

The Upper Layer consists of NBFCs identified by the RBI based on the applicable framework and subject to enhanced regulatory requirements.

4. NBFC TOP LAYER (NBFC-TL)

The Top Layer is intended for exceptional circumstances where significant systemic risk is perceived.

The RBI's Scale Based Regulation framework prescribes different requirements depending on the regulatory layer.

ONE NBFC. MULTIPLE REGULATORY REQUIREMENTS. KNOW YOUR APPLICABLE LAYER.

NBFC COMPLIANCE SERVICES BY IILE

Indian Institute of Legal English (IILE) can assist businesses with understanding, organising and managing applicable NBFC compliance requirements.

Our support may include:

RBI COMPLIANCE

Guidance relating to applicable RBI directions and regulatory requirements.

NBFC RETURN FILING

Assistance with applicable regulatory returns and reporting requirements.

PRUDENTIAL COMPLIANCE

Support relating to applicable prudential norms, asset classification, provisioning and financial requirements.

CORPORATE GOVERNANCE

Guidance relating to board-level policies, committees, governance systems and applicable regulatory requirements.

KYC & AML COMPLIANCE

Assistance with applicable Know Your Customer and Anti-Money Laundering requirements.

RBI REPORTING

Support in understanding and organising applicable regulatory reporting obligations.

RISK MANAGEMENT

Assistance with applicable risk-management frameworks, policies and internal controls.

CUSTOMER PROTECTION

Guidance regarding applicable customer service, grievance redressal and fair-practice requirements.

DIGITAL LENDING COMPLIANCE

Support for NBFCs involved in digital lending activities, subject to applicable RBI requirements.

FRAUD RISK MANAGEMENT

Assistance with applicable fraud prevention, detection, reporting and governance requirements.

YOUR FINANCIAL BUSINESS DESERVES A COMPLIANCE SYSTEM BUILT FOR FINANCIAL REGULATION.

KEY NBFC COMPLIANCE REQUIREMENTS

1. RBI REGULATORY COMPLIANCE

NBFCs must comply with the RBI directions applicable to their category and activities.

The principal regulatory framework includes the RBI's Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023, together with subsequent amendments and applicable directions.

2. PRUDENTIAL NORMS

Prudential regulations can cover areas such as:

• Capital adequacy
• Net Owned Fund
• Asset classification
• Income recognition
• Provisioning
• Exposure norms
• Concentration risk
• Investment-related requirements
• Liquidity requirements
• Leverage
• Other applicable financial safeguards

The exact requirements depend on the NBFC category and regulatory layer.

FINANCIAL DISCIPLINE STARTS WITH PRUDENTIAL COMPLIANCE.

3. CAPITAL & NET OWNED FUND COMPLIANCE

NBFCs are subject to applicable capital and Net Owned Fund requirements.

The applicable requirement depends on the type of NBFC and relevant regulatory framework.

Therefore, an NBFC should regularly monitor:

• Net Owned Fund
• Capital position
• Regulatory ratios
• Asset growth
• Liabilities
• Exposure
• Applicable capital requirements

MONITOR YOUR NUMBERS BEFORE THE REGULATOR MONITORS THEM.

4. KYC & AML COMPLIANCE

NBFCs must follow applicable Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

Compliance may involve:

• Customer identification
• Customer due diligence
• Beneficial ownership identification
• Risk classification
• Record keeping
• Ongoing monitoring
• Suspicious transaction reporting, where applicable
• Periodic KYC updates
• AML policies and controls

The exact requirements depend on the applicable RBI and other regulatory framework.

KNOW YOUR CUSTOMER. PROTECT YOUR BUSINESS. PROTECT THE FINANCIAL SYSTEM.

5. FAIR PRACTICES CODE

NBFCs providing loans and financial services must consider applicable customer protection and fair-practice requirements.

Areas may include:

• Loan terms
• Interest rates
• Charges
• Communication with borrowers
• Recovery practices
• Transparency
• Loan documentation
• Customer grievance mechanisms

TRANSPARENT LENDING BUILDS LONG-TERM CUSTOMER TRUST.

6. BOARD & CORPORATE GOVERNANCE COMPLIANCE

Corporate governance is a significant component of NBFC compliance.

Depending on the applicable NBFC category and regulatory layer, requirements may involve:

• Board-approved policies
• Board committees
• Risk Management Committee
• Audit Committee
• Nomination and Remuneration Committee
• Fit and proper criteria
• Senior management responsibilities
• Compliance function
• Internal controls

RBI's regulatory framework provides different governance requirements across NBFC layers.

GOOD GOVERNANCE IS NOT JUST CORPORATE FORMALITY — IT IS FINANCIAL RISK CONTROL.

7. CHIEF COMPLIANCE OFFICER & COMPLIANCE FUNCTION

Certain NBFCs are subject to requirements concerning the compliance function and Chief Compliance Officer (CCO).

The compliance function should support:

• Regulatory monitoring
• Compliance testing
• Internal reporting
• Regulatory communication
• Identification of compliance risks
• Escalation of non-compliance
• Corrective action

The RBI has specifically issued guidance concerning the compliance function and role of the Chief Compliance Officer in NBFCs.

8. RBI RETURNS & REGULATORY REPORTING

NBFCs may be required to submit periodic regulatory returns to the RBI.

Depending on the applicable NBFC category and reporting framework, reporting can cover areas such as:

• Financial information
• Prudential information
• Asset quality
• Capital adequacy
• Exposure
• Liquidity
• Borrowings
• Deposits, where applicable
• Fraud reporting
• Credit information
• Other regulatory information

The RBI has revised return applicability and timelines under the Scale Based Regulation framework.

ACCURATE DATA. TIMELY REPORTING. BETTER REGULATORY COMPLIANCE.

9. FRAUD RISK MANAGEMENT

Fraud risk management has become an important component of NBFC regulatory compliance.

The RBI issued the Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs), including Housing Finance Companies, covering areas including governance, early warning signals, fraud reporting, staff accountability and related processes.

NBFCs may need appropriate systems for:

• Fraud prevention
• Early detection
• Investigation
• Staff accountability
• Recovery
• Monitoring
• Reporting
• Board-level oversight

DETECT EARLY. RESPOND QUICKLY. REPORT CORRECTLY.

10. CUSTOMER GRIEVANCE REDRESSAL

NBFCs should maintain appropriate mechanisms for handling customer complaints and grievances.

Depending on applicability, requirements can include:

• Grievance Redressal Officer
• Complaint management
• Escalation mechanisms
• Internal review
• Customer communication
• Regulatory grievance mechanisms

The RBI's Internal Ombudsman Directions, 2023 apply to specified regulated entities including NBFCs, with requirements designed to strengthen internal grievance redressal.

CUSTOMER COMPLAINTS SHOULD BECOME COMPLIANCE INSIGHTS — NOT COMPLIANCE RISKS.

11. DIGITAL LENDING COMPLIANCE

NBFCs operating through digital lending models may need to comply with specific RBI requirements relating to:

• Digital lending platforms
• Lending Service Providers
• Customer disclosures
• Loan disbursement
• Loan repayment
• Data handling
• Privacy
• Grievance redressal
• Transparency
• Credit information reporting

The applicable requirements should be reviewed based on the NBFC's exact digital lending model.

BUILD DIGITAL FINANCE WITH REGULATORY COMPLIANCE AT THE CORE.

12. CREDIT INFORMATION COMPLIANCE

NBFCs involved in lending activities may have obligations relating to reporting borrower information to Credit Information Companies, subject to applicable regulations.

Accurate reporting is important because incorrect borrower information can affect:

• Credit history
• Loan eligibility
• Credit scores
• Customer complaints
• Regulatory compliance

ACCURATE CREDIT DATA BUILDS TRUST IN THE FINANCIAL ECOSYSTEM.

13. LIQUIDITY RISK MANAGEMENT

Applicable NBFCs must maintain appropriate systems for monitoring liquidity risk.

This can include monitoring:

• Cash flows
• Maturity profiles
• Funding sources
• Asset-liability mismatches
• Liquidity buffers
• Contingency funding arrangements

The exact requirements depend on the applicable NBFC category and regulatory layer.

MANAGE LIQUIDITY BEFORE LIQUIDITY MANAGES YOUR BUSINESS.

14. ASSET CLASSIFICATION & PROVISIONING

NBFCs need to follow applicable requirements relating to:

• Asset classification
• Income recognition
• Non-performing assets
• Provisioning
• Credit loss recognition
• Financial reporting

Accurate asset classification is essential for presenting a reliable picture of the financial position of the NBFC.

ACCURATE BOOKS. ACCURATE ASSET QUALITY. STRONGER COMPLIANCE.

15. RELATED PARTY & EXPOSURE COMPLIANCE

NBFCs may be subject to restrictions and requirements relating to:

• Related-party transactions
• Loans and advances
• Investments
• Concentration of credit
• Large exposures
• Connected lending

The applicable restrictions depend on the relevant regulatory framework.

GROW YOUR LOAN BOOK — WITHOUT LOSING CONTROL OF YOUR RISK.

16. IT & CYBERSECURITY COMPLIANCE

Technology-driven NBFCs should establish appropriate information security and cyber-risk controls.

Areas may include:

• Cybersecurity
• Data protection
• Access controls
• IT governance
• Incident management
• Business continuity
• Disaster recovery
• Vendor risk
• Information security monitoring

The specific RBI requirements depend on the nature and regulatory classification of the NBFC.

FINANCIAL DATA DESERVES FINANCIAL-GRADE SECURITY.

17. OUTSOURCING COMPLIANCE

NBFCs may outsource certain activities, but outsourcing does not necessarily transfer the NBFC's regulatory responsibility.

Appropriate controls may include:

• Vendor due diligence
• Agreements
• Data protection
• Monitoring
• Audit rights
• Business continuity
• Customer protection
• Regulatory access

OUTSOURCE THE ACTIVITY — NOT THE RESPONSIBILITY.

18. STATUTORY AUDIT & FINANCIAL REPORTING

NBFCs must comply with applicable corporate and financial reporting requirements.

Depending on the applicable framework, this may involve:

• Statutory audit
• Financial statements
• Notes to accounts
• Regulatory disclosures
• Board reporting
• Auditor reporting
• RBI-related reporting

TRANSPARENT FINANCIAL REPORTING BUILDS REGULATORY CONFIDENCE.

NBFC COMPLIANCE CHECKLIST

GOVERNANCE

☐ Board composition reviewed
☐ Applicable committees constituted
☐ Board-approved policies maintained
☐ Fit and proper requirements reviewed
☐ Compliance function established where applicable
☐ Risk management framework reviewed

FINANCIAL

☐ Capital requirements monitored
☐ Net Owned Fund monitored
☐ Asset classification reviewed
☐ Provisioning reviewed
☐ Exposure limits monitored
☐ Liquidity position monitored

CUSTOMER

☐ KYC procedures implemented
☐ AML framework maintained
☐ Fair Practices Code implemented
☐ Grievance mechanism established
☐ Customer disclosures reviewed

REGULATORY

☐ RBI returns identified
☐ Reporting calendar maintained
☐ Applicable RBI directions reviewed
☐ Regulatory changes monitored
☐ Compliance testing conducted

RISK

☐ Fraud risk framework
☐ Cybersecurity controls
☐ IT risk management
☐ Vendor/outsourcing controls
☐ Business continuity plan
☐ Internal controls

COMPLIANCE CHECKLISTS TURN REGULATORY REQUIREMENTS INTO ACTIONABLE SYSTEMS.

NBFC COMPLIANCE CALENDAR

A strong NBFC compliance system should maintain a regulatory calendar covering:

DAILY / CONTINUOUS

• Customer transactions
• KYC monitoring
• AML monitoring
• Risk monitoring
• Customer complaints
• Fraud alerts

MONTHLY

• Financial monitoring
• Regulatory ratios
• Liquidity monitoring
• Management reporting
• Compliance review

QUARTERLY

• Applicable RBI returns
• Regulatory reporting
• Board/risk reporting
• Compliance testing

HALF-YEARLY / ANNUALLY

• Audits
• Financial statements
• Board reviews
• Policy reviews
• Governance reviews
• Regulatory disclosures

AS & WHEN REQUIRED

• RBI notifications
• Regulatory changes
• Fraud reporting
• Material events
• Regulatory applications
• Changes in directors/KMP
• Business model changes

Important: The actual frequency and applicability of each compliance should be determined from the NBFC's current regulatory framework and specific classification.

DON'T MANAGE COMPLIANCE FROM MEMORY. MANAGE IT FROM A CALENDAR.

DOCUMENTS & RECORDS FOR NBFC COMPLIANCE

Depending on the NBFC and applicable requirements, records may include:

• Certificate of Incorporation
• RBI Certificate of Registration
• Memorandum & Articles of Association
• Board resolutions
• Board-approved policies
• Financial statements
• Audit reports
• RBI returns
• KYC records
• AML records
• Customer agreements
• Loan documentation
• Credit records
• Regulatory correspondence
• Risk reports
• Compliance reports
• Fraud reports
• Grievance records
• Internal audit reports
• Statutory registers
• Corporate filings

GOOD COMPLIANCE STARTS WITH GOOD RECORD KEEPING.

NBFC COMPLIANCE FOR STARTUPS & FINTECHS

Fintech entrepreneurs often begin with technology and innovation.

But if the business model falls within an RBI-regulated financial activity, regulatory compliance must be considered from the beginning.

Before launching an NBFC/fintech model, businesses should evaluate:

• Business model
• Regulatory classification
• Licensing requirements
• RBI applicability
• Capital requirements
• Lending structure
• Digital lending model
• KYC/AML
• Data protection
• Customer agreements
• Outsourcing arrangements
• Technology infrastructure
• Reporting requirements

BUILD THE BUSINESS MODEL AND THE COMPLIANCE MODEL TOGETHER.

NBFC COMPLIANCE FOR LENDING COMPANIES

Lending-focused NBFCs should pay particular attention to:

• Loan documentation
• Interest rate policies
• Borrower communication
• Credit assessment
• KYC
• Fair Practices Code
• Asset classification
• Provisioning
• Credit information reporting
• Recovery practices
• Customer grievance handling
• Regulatory reporting

RESPONSIBLE LENDING IS STRONGER BUSINESS.

NBFC COMPLIANCE FOR MICROFINANCE INSTITUTIONS

NBFC-MFIs have specific regulatory requirements applicable to microfinance lending.

These can include requirements relating to:

• Qualifying assets
• Microfinance loans
• Household income
• Loan obligations
• Pricing
• Borrower protection
• Credit information
• Reporting

The RBI revised the qualifying asset criteria for NBFC-MFIs in June 2025, illustrating why NBFC compliance pages and compliance systems should be reviewed regularly against current RBI directions.

MICROFINANCE REQUIRES RESPONSIBLE LENDING + REGULATORY DISCIPLINE.

NBFC COMPLIANCE FOR HOUSING FINANCE COMPANIES

Housing Finance Companies (HFCs) operate under a specific regulatory framework administered through the RBI framework applicable to HFCs.

Compliance can involve:

• Prudential requirements
• Governance
• Housing finance operations
• Risk management
• Customer protection
• Reporting
• Financial requirements

The applicable RBI framework should be checked based on the HFC's current status and activities.

NBFC COMPLIANCE VS ROC COMPLIANCE

These are different but interconnected.

NBFC ComplianceROC CompliancePrimarily relates to RBI/regulatory requirements | Relates primarily to Companies Act requirements
Financial-sector specific | Corporate-sector specific
RBI returns may apply | MCA/ROC filings may apply
Prudential requirements | Corporate filings
Customer/lending regulations | Corporate governance and statutory filings
RBI regulatory directions | Companies Act, 2013 requirements

NBFCs GENERALLY NEED BOTH REGULATORY AND CORPORATE COMPLIANCE.

COMMON NBFC COMPLIANCE MISTAKES

❌ Treating NBFC compliance as a one-time exercise

❌ Using outdated RBI requirements

❌ Missing regulatory returns

❌ Incorrect regulatory reporting

❌ Weak KYC/AML controls

❌ Inadequate board-approved policies

❌ Poor documentation

❌ Ignoring regulatory changes

❌ Weak customer grievance mechanisms

❌ Inadequate fraud risk controls

❌ Incorrect financial classification

❌ Not monitoring applicable regulatory ratios

❌ Assuming every NBFC has identical compliance requirements

NBFC COMPLIANCE FAILURES OFTEN BEGIN WITH SMALL OVERSIGHTS.

HOW IILE CAN HELP WITH NBFC COMPLIANCE

INDIAN INSTITUTE OF LEGAL ENGLISH (IILE)

NBFC compliance can involve multiple regulatory and corporate requirements.

IILE can provide professional assistance and guidance for businesses seeking to understand and organise applicable compliance obligations.

OUR SUPPORT MAY INCLUDE:

✔ NBFC Compliance Guidance
✔ RBI Regulatory Compliance
✔ NBFC Return Filing Support
✔ Regulatory Reporting Support
✔ Corporate Compliance Coordination
✔ KYC & AML Compliance Guidance
✔ Corporate Governance Support
✔ Risk Management Documentation
✔ Policy Drafting Assistance
✔ Customer Grievance Compliance Support
✔ Fraud Risk Management Documentation
✔ Digital Lending Compliance Guidance
✔ Documentation Review
✔ Compliance Calendar Preparation
✔ Regulatory Update Monitoring

YOU RUN THE FINANCIAL BUSINESS. WE HELP YOU STAY COMPLIANCE-READY.

WHY CHOOSE IILE FOR NBFC COMPLIANCE?

REGULATORY-FOCUSED APPROACH

We focus on applicable financial-sector compliance requirements rather than generic corporate compliance alone.

DOCUMENTATION SUPPORT

Organise policies, records, reports and other compliance documentation.

ONGOING COMPLIANCE MINDSET

NBFC compliance is continuous. Our approach is designed around ongoing monitoring.

BUSINESS-SPECIFIC GUIDANCE

Different NBFCs have different obligations. Compliance should be mapped to your business model.

COMPLIANCE CALENDAR

Create a structured system to track applicable filings and regulatory obligations.

TRANSPARENT APPROACH

No unrealistic promises about regulatory approvals or RBI decisions.

COMPLIANCE YOU CAN UNDERSTAND. SYSTEMS YOU CAN IMPLEMENT.

NBFC COMPLIANCE COST IN INDIA

How Much Does NBFC Compliance Cost?

There is no universal fixed fee for NBFC compliance.

The professional cost may depend on:

• Type of NBFC
• Regulatory layer
• Asset size
• Business model
• Number of compliances
• Number of regulatory returns
• KYC/AML requirements
• Governance requirements
• Number of directors
• Branches/operations
• Digital lending activities
• Internal audit requirements
• Reporting requirements
• Existing compliance status
• Scope of professional assistance

Government fees, statutory fees, professional fees and other expenses should be considered separately.

THE RIGHT COMPLIANCE COST DEPENDS ON THE COMPLEXITY OF YOUR NBFC.

NBFC COMPLIANCE PROCESS WITH IILE

STEP 1 — BUSINESS & NBFC ASSESSMENT

Understand your NBFC category, activities and regulatory requirements.

STEP 2 — COMPLIANCE GAP ANALYSIS

Identify existing compliance gaps.

STEP 3 — REGULATORY MAPPING

Map applicable RBI, corporate and other regulatory requirements.

STEP 4 — DOCUMENTATION

Review or prepare applicable policies, records and documentation.

STEP 5 — COMPLIANCE CALENDAR

Create a structured schedule for applicable filings and obligations.

STEP 6 — REGULATORY REPORTING

Assist with applicable reporting and filing requirements.

STEP 7 — PERIODIC REVIEW

Monitor regulatory changes and update the compliance framework.

ASSESS → MAP → IMPLEMENT → REPORT → MONITOR

FREQUENTLY ASKED QUESTIONS ABOUT NBFC COMPLIANCE

What is NBFC Compliance?

NBFC compliance means fulfilling the applicable RBI, corporate, financial, customer-protection, reporting and other regulatory obligations applicable to a Non-Banking Financial Company.

Is NBFC Compliance mandatory?

Yes. NBFCs must comply with the applicable regulatory framework governing their business.

What is RBI compliance for NBFCs?

RBI compliance refers to following the RBI directions, regulations, reporting requirements and supervisory requirements applicable to the particular NBFC.

What is Scale Based Regulation for NBFCs?

Scale Based Regulation is RBI's framework that categorises NBFCs into Base, Middle, Upper and Top Layers, with regulatory requirements varying according to the applicable layer.

Do all NBFCs have the same compliance requirements?

No. Compliance depends on factors such as the type of NBFC, business activities, asset size, regulatory layer and other applicable regulations.

What are common NBFC compliances?

Common areas include RBI reporting, prudential requirements, governance, KYC/AML, customer protection, risk management, financial reporting and applicable corporate compliance.

What are RBI returns for NBFCs?

RBI returns are regulatory reports submitted by applicable NBFCs to provide the RBI with information regarding financial, prudential and other regulatory matters.

Is KYC mandatory for NBFCs?

Applicable NBFCs must comply with the relevant KYC and AML framework.

What is NBFC prudential compliance?

It refers to compliance with financial safeguards and requirements such as capital, asset classification, provisioning, exposure and other applicable prudential norms.

What happens if an NBFC fails to comply?

Depending on the nature and severity of the issue, regulatory non-compliance may result in supervisory action, penalties, restrictions or other consequences under applicable law.

Can IILE guarantee RBI compliance?

No. Compliance depends on the NBFC's actual operations, documentation and applicable regulations. IILE can provide professional assistance and guidance but cannot guarantee a regulatory decision.

How often should NBFC compliance be reviewed?

NBFC compliance should be monitored continuously, with periodic reviews based on the applicable regulatory calendar and changes in RBI regulations.

Is ROC compliance enough for an NBFC?

No. An NBFC generally has both corporate compliance requirements and financial-sector regulatory requirements.

Does digital lending require additional compliance?

Yes, depending on the business model and applicable RBI requirements, digital lending activities can involve additional regulatory obligations.