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Non-Banking Financial Company falls under the category of private lenders catering to activities akin to traditional banks but with a limited scope. They cannot accept deposits and savings, issue cheques drawn on themselves, and yield credit guarantee coverage. These institutions offer services like loan disbursement, chit fund, finance leasing, and hire-purchase. NBFCs ensure financial inclusivity, offering credit to a wider audience and those with a feeble credit history. Those seeking to pursue the operation of the NBFC must apply for the NBFC registration process governed by RBI. If you are the one seeking the same, this article has your back! Let’s begin with what it takes to secure this registration. At Adviso, we help clients navigate through legalities and intricate compliances when striving for NBFC registration. Our experts posses vast expertise and in-depth knowledge about concerned regulations, processes, and paperwork, paving the roadmap for successful registration. If you wish to get NBFC license in one go with zero hassle, look no further than Adviso.
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