Understanding NBFC Requirements: Net Owned Funds (NOF) and Principal Business Criteria (PBC)

Affluence Advisory , Last updated: 14 August 2025  
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As a practitioner in the financial services sector, we have often encountered questions around the capital adequacy and activity thresholds that govern Non-Banking Financial Companies (NBFCs) in India. Two of the most critical metrics-Net Owned Funds (NOF) and Principal Business Criteria (PBC)-form

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Affluence Advisory
(corporates )
Category Corporate Law   Report

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