Non-banking business can be run by a partnership firm?

No there wont be any objection from  the RBI.

Yes a partnership can also carry on the Non-banking business activity (borowing & lending money)provided they are registered with RBI and have the approval to carry on such business after complying with the requirements thereto.

Dear Rajesh,

Can you shed some light on the capital requirements for parnership/aop firms to carry on non-banking business required by rbi

Also any other regulatory requirements.

Thanks