RBI issues norms for NBFCs not availing public funds; to be effective Jul 1
This story was originally published at 19:41 IST on 29 April 2026
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--RBI issues norms on review of some NBFC registration requirements
MUMBAI – The Reserve Bank of India Wednesday issued norms on review of regulatory framework including registration requirement for non-banking financial companies not availing public funds and customer interface. These new norms will be effective from Jul. 1.
According to the revised norms, existing non-banking financial companies which do not have public funds and any customer interface, including those registered as 'Type I NBFC', with asset size of less than INR 10 billion are eligible to apply to the Reserve Bank, for deregistration, within a period of six months, by Dec. 31, 2026.
"The asset size for exemption shall be as per the latest audited balance sheet and new companies are eligible for exemption without approval from the Reserve Bank," according to the release. However, multiple non-banking financial companies in a group with asset size of less than INR 10 billion are not applicable for deregistration, the central bank said. End
Reported by J. Navya Sruthi
Edited by Akul Nishant Akhoury
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