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NBFC One Time Setup

NBFC One-Time Setup

Starting an NBFC isn’t just about obtaining an RBI licence. The real groundwork begins after approval—policies, systems, board structure, reporting formats, audit frameworks, IT controls, customer onboarding, KYC processes, and documentation. If this foundation isn’t built correctly, compliance issues show up later.

Our one-time setup service gets your NBFC fully operational, structured, and regulator-ready from day one.

What’s Included

Corporate & Legal Setup

  • Reviewing MoA, AoA, and authorised activities

  • Board constitution and governance framework

  • Statutory registers, resolutions, and documentation

Regulatory & Compliance Setup

  • RBI policy pack: KYC, AML, Fair Practice Code, Grievance Redressal, Outsourcing, IT, Credit, Risk

  • Compliance calendar, reporting formats, internal controls

  • Guidance on NBS returns and supervisory filings

Financial & Operational Framework

  • Accounting chart setup and documentation templates

  • Loan documentation, sanction letters, agreements, security creation

  • Customer onboarding and due-diligence process flows

Technology & Process Advisory

  • LOS, LMS, accounting, KYC and verification tools

  • Data storage, security, access rights and IT governance

  • Vendor evaluation and outsourcing compliance

Risk & Audit Readiness

  • Internal audit framework design

  • MIS dashboards and exception reports

  • NPA classification and provisioning methodology

Who Needs This

  • Newly registered NBFCs preparing to start operations

  • Fintechs transitioning to licensed lending

  • Corporate groups creating captive finance arms

  • Investors acquiring an NBFC and restarting operations

Documents Usually Required

  • RBI approval certificate and licence

  • Company incorporation documents

  • Shareholding and promoter details

  • Business plan, lending model, and target segments

  • Existing systems, agreements, and internal processes (if any)

Timeline

  • Policy and compliance framework: 2–4 weeks

  • Operational and documentation setup: 3–6 weeks

  • System and process readiness: depends on tech integrations

Why This Matters

  • Avoids early-stage compliance failures

  • Smooth onboarding of lenders, banks, and investors

  • Reduces RBI query, audit, and inspection risk

  • Builds scalable, controlled, documented operations

  • Helps teams understand responsibilities from day one

Frequently Asked Questions

Yes. RBI permissions don’t cover operational, policy, and compliance setup.

 

No. KYC, AML, Fair Practice Code, and credit policies are mandatory.

 

Often yes—IT, outsourcing, data, and customer-protection policies are critical.

 

Very. LOS/LMS choices affect compliance, reporting, security, and scalability.

 

Yes, especially those restarting operations or updating outdated frameworks.