NBFC Compliance

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.

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

RBI cancels Certificate of Registration of 16 NBFCs