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NBFC Compliance


RBI Credit Information Companies (Credit Bureau) Amendment Directions, 2025
The Reserve Bank had issued RBI (Credit Information Companies) Directions, 2025 (Credit Bureaus) for efficient functioning of credit information reporting system in the country. There is a need to further amend the same based on a review of the extant instructions.
Dec 18, 20254 min read


Voluntary Surrender of CoR by NBFCs (including HFCs) for cancellation – Application form and Indicative checklist - RBI
The Reserve Bank had issued a press release dated December 01, 2022, on Voluntary Surrender of Certificate of Registration (CoR) by NBFCs (including HFCs) for cancellation enclosing application form and indicative checklist.
Sep 29, 20251 min read


RBI imposes monetary penalty on Muthoot FinCorp Limited
The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Muthoot FinCorp Limited (the company) for non-compliance with directions issued by RBI on ‘Internal Ombudsman’.
Sep 29, 20251 min read


RBI cancels Certificate of Registration (CoR) of 31 NBFCs Nine NBFCs surrender their (CoR).
RBI cancels Certificate of Registration (CoR) of 31 NBFCs Nine NBFCs surrender their (CoR).
Sep 14, 20252 min read


RBI imposes monetary penalty on PhonePe Ltd.
The Reserve Bank of India (RBI) has, by an order dated September 10, 2025, imposed a monetary penalty of ₹21 lakh
Sep 14, 20252 min read


Returns – Department of Payment and Settlement Systems – Submission in CIMS
Following the launch of the next generation datawarehouse of the Reserve Bank of India i.e. Centralised Information Management System (CIMS), it has now been decided to commence the reporting of the following returns in CIMS:
Sep 11, 20251 min read


RBI Initiative: Launch of Microsite for Banknotes
The microsite also has a dedicated section for information on exchange of banknotes.
Sep 11, 20251 min read


Common DNBS 02 Validation Errors
The most common validation errors encountered while filing the RBI DNBS 02 return relate to missing mandatory fields, incorrect formats, or mismatch with the prescribed XBRL taxonomy. Resolving these issues requires ensuring adherence to RBI's format, data completeness, and using the proper validation and pre-scrutiny steps before submission.
Aug 30, 20252 min read


The Mind-Blowing Rise: NBFCs Outpace Banks
The FY2025 numbers tell a powerful story. NBFCs recorded a stunning 20% year-on-year credit growth, remarkably higher than the 12% clocked by traditional banks. The NBFC sector’s net advances soared to ₹24.5 lakh crore, and the overall balance sheet size ballooned to ₹28.2 lakh crore—both reflecting 20% annual growth. Borrowings also jumped 22% to ₹19.9 lakh crore, underlining their aggressive expansion and role as a key growth engine in Indian finance
Aug 14, 20253 min read


RBI cancels Certificate of Registration of 16 NBFCs
RBI cancels Certificate of Registration of 16 NBFCs
Aug 14, 20251 min read


Co-Lending Arrangements) Directions, 2025
These Directions shall be called Reserve Bank of India (Co-Lending Arrangements) Directions, 2025.
Aug 12, 20257 min read


RBI imposes monetary penalty on ICICI Bank Limited
The Reserve Bank of India (RBI) has, by an order dated August 07, 2025, imposed a monetary penalty of ₹75.00 lakh (Rupees Seventy Five Lakh only) on ICICI Bank Limited (the bank) for non-compliance
Aug 10, 20252 min read


RBI grants ‘In-principle’ Approval to AU Small Finance Bank Ltd for transition into a Universal Bank
The Reserve Bank has decided to grant 'in-principle’ approval to AU Small Finance Bank Limited (AUSFB) for transitioning from a Small Finance Bank (SFB) to a Universal Bank.
Aug 10, 20251 min read


Lending and Deposit Rates of Scheduled Commercial Banks
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of July 2025 are set out in Tables 1 to 7.
Aug 4, 20251 min read


RBI imposes monetary penalty on two Cooperative Banks
RBI imposes monetary penalty on two Cooperative Banks
Aug 4, 20253 min read


RBI approves the voluntary amalgamation of New India Co-op Bank with Saraswat Co-op Bank
RBI approves the voluntary amalgamation of New India Co-op Bank with Saraswat Co-op Bank
Aug 4, 20251 min read


Sustainable and Responsible Investing in India (ESG)
Sustainable and Responsible Investing, often called SRI, is an investment approach that weighs environmental, social, and governance (ESG) factors alongside traditional financial metrics.
Jul 27, 20254 min read


Seven NBFCs surrender their Certificate of Registration to RBI
Seven NBFCs surrender their Certificate of Registration to RBI
Jul 24, 20251 min read


RBI cancels Certificate of Registration of 10 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.
Jul 24, 20251 min read


RBI Imposes Monetary Penalty on 4 Co-operative Banks
RBI Imposes Monetary Penalty on 4 Co-operative Banks
Jul 24, 20255 min read
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