NBFC compliance that keeps pace with RBI
From registration to routine RBI returns, auditor certificates and board frameworks, we help NBFCs meet the regulator's expectations on time.
Overview
RBI regulates NBFCs by layer under its scale-based framework, and the expectations rise with size. Base-layer NBFCs must still meet net owned fund requirements, file supervisory returns, report to credit bureaus weekly since July 2026, and maintain KYC, fair practices and grievance processes.
We act as an extended compliance and finance function for NBFCs, alongside the statutory audit and internal audit work that RBI requires.
What we handle
Registration and changes
Certificate of Registration applications, change in control or management approvals, and Type I and deregistration applications.
RBI returns
Quarterly and annual supervisory returns on the CIMS portal, statutory auditor certificates and exception reporting.
Scale-based regulation
Layer classification, net owned fund tracking, board-approved policies, compliance function and concentration limits.
Credit and conduct
Fair practices code, KYC and AML reviews, digital lending and co-lending arrangements, and grievance redressal.
Audit and assurance
Statutory audit, internal audit, concurrent review of loan portfolios and asset classification.
Management support
MIS, ALM and liquidity reporting, board and committee packs, and responses to RBI inspection observations.
Typical situations
- A base-layer NBFC building towards the ₹10 crore net owned fund requirement by 31 March 2027
- A lender adopting weekly credit bureau reporting
- An NBFC entering a digital lending or co-lending partnership
- A board reviewing its policies after an RBI inspection
Laws and regulations
- RBI Act, 1934 (Chapter III-B)
- Scale-based regulatory framework
- RBI Master Directions for NBFCs
- KYC Master Direction
- Credit Information Companies (Regulation) Act, 2005
- Digital lending directions
Frequently asked questions
What net owned fund does an NBFC need?
Under the scale-based framework, NBFCs such as investment and credit companies need net owned funds of ₹5 crore from 31 March 2025 and ₹10 crore from 31 March 2027. Some categories have different thresholds.
Which RBI returns does a base-layer NBFC file?
The quarterly supervisory return, the annual statutory auditor certificate and other returns applicable to its category, all through RBI's CIMS portal, along with credit bureau reporting.
Can you act as our compliance team?
Yes. Many NBFCs use us for the monthly and quarterly compliance calendar, policy updates and board reporting, while we remain independent of any audit role we hold.
Got a notice, a deadline or a big decision?
Tell us what you are facing and when it is due. A partner will get back to you.