NBFC
NBFC registration in India: the path, in plain terms
From company set-up to the Certificate of Registration, here is what an NBFC applicant should expect.
By Registration360 Team · 17 Oct 2026 · 6 min read
Starting an NBFC is a regulated, multi-month journey. The steps below are an overview; the details change with your category and RBI directions.
Step 1: Choose your category
Your core activity decides the category (for example ICC, MFI, HFC, P2P or Account Aggregator) and with it the minimum Net Owned Fund.
Step 2: Build the company
Incorporate a company with suitable objects, bring in the required capital, and ensure directors and shareholders meet the fit-and-proper criteria.
Step 3: Plan and document
Prepare a board-approved business plan with projections, credit policy and risk framework, and collect KYC, credit reports and net-worth certificates.
Step 4: Apply and respond
File on the RBI portal and respond to queries promptly. Review and background checks usually take months.
Step 5: After registration
Put policies in place and keep up with periodic returns, audit and compliance. Many new NBFCs engage an advisor for annual compliance.
Always verify the current capital and eligibility requirements with RBI directions or a qualified professional.
General information
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