NBFC RBI Compliance

NBFC RBI Compliance

Running an NBFC means operating under RBI’s supervision. Lending, capital adequacy, KYC, governance, reporting, asset classification—everything has a rulebook. Missing a return, breaching norms, or ignoring policy updates can lead to penalties, restrictions, or reputational damage.

We help NBFCs stay fully aligned with RBI regulations, monitored, documented, and audit-ready throughout the year.

What’s Included

Regulatory Returns & Reporting

• NBS returns on RBI portal

• Asset classification and provisioning reporting

• Statutory auditor certificates and annual filings

• Leverage, NOF, and prudential compliance monitoring

Policy, Governance & Frameworks

• KYC, AML, Fair Practice Code

• Risk management and credit policies

• Outsourcing, IT, data privacy, grievance redressal policies

• Internal audit and compliance manuals

Ongoing Monitoring

• Interest rate, NPA, and exposure limits

• Related party transactions and board disclosures

• Fit & proper criteria for directors

• Appointment and reporting of Key Managerial Personnel

Event-Based Compliance

• Change in shareholding or control

• Capital infusion or reduction

• Senior management appointment changes

• Business model modifications, mergers, or restructuring

Regulator Interaction

• RBI inspection support

• Responding to notices, queries, and advisories

• Compounding and clarification assistance

Key Compliance Expectations From RBI

• Maintain prescribed Net Owned Fund (NOF)

• Follow Fair Practices Code for borrowers

• Adhere to KYC, AML, CFT and PMLA guidelines

• Accurate classification of NPAs and provisioning

• Strong internal audit, board oversight and grievance redressal

• Transparent customer communication and disclosures

Documents Usually Required

• Audited financial statements and trial balance

• RBI portal login details and previous returns

• Credit portfolio reports, NPA schedules

• Board resolutions, internal policies, MIS data

• KYC/AML documents, compliance registers

Why NBFCs Can’t Ignore RBI Compliance

• Protects lending license and market credibility

• Reduces regulatory risk, penalties, and litigation

• Builds trust with investors, banks, credit bureaus, and customers

• Supports faster funding, partnerships, and fintech integrations