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The Reserve Bank of India (RBI) on Friday announced that certain low-risk NBFCs will no longer be required to register with the central bank. The move is aimed at reducing compliance costs while maintaining overall financial stability. Under the revised framework, NBFCs that do not access public fu
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NBFCs classified as Type-I, with assets not exceeding Rs 1000 crore, that do not access public funds and have no customer interface are exempted.
The RBI aims to reduce compliance costs for low-risk entities and improve the ease of doing business, while maintaining overall financial stability.
NBFCs with an asset size not exceeding Rs 1000 crore are eligible for exemption.
The RBI has proposed removing the requirement for prior approval for branch expansion for NBFC-Investment and Credit Companies (NBFC-ICCs).
Stakeholders can submit comments and suggestions on the draft guidelines until February 27, 2026.
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