What is an NBFC?
A Non-Banking Financial Company (NBFC) is an RBI-registered financial institution that offers loans, credit, and investment services without being a full bank. NBFC registration requires a minimum net owned fund of ₹2 crore.
Key Requirements
- A registered private/public limited company
- Minimum net owned fund of ₹2 crore
- Clean promoter credit history
- Detailed 5-year business plan
- RBI application (Form CoR)
Documents Required
- Certificate of incorporation
- MOA & AOA
- Net owned fund certificate from CA
- Directors' KYC & credit reports
- Business plan & projections