Registration and principal business test
Confirm section 45-IA registration, financial-asset/income tests and exemption status.
NBFC Scale-Based Regulation
Paragraph-wise corpus with Finin2min interpretation, examples, evidence controls and practical Q&A. Source: NBFC Registration, Exemptions and Scale Based Regulation Directions, 2025.
14 unitsRBI Act, 1934 Chapter IIIBCurrent-source controlled
Module register
Base, Middle, Upper and Top layers
Classify the NBFC by type, activity, size and RBI identification; retain annual re-assessment.
Specialised categories
Apply category Directions for HFC, MFI, P2P, AA, CIC, SPD, MGC and NOFHC.
Net owned fund
Compute eligible owned funds and deductions with auditor evidence.
Capital adequacy
Map CRAR/Tier requirements, risk weights, off-balance sheet conversion and capital instruments.
Governance
Constitute committees, independent oversight, risk/compliance functions and policy reviews by layer.
IPO financing and sensitive sectors
Apply product/exposure restrictions and Board-approved risk appetite.
Concentration and group exposure
Aggregate connected counterparties, group entities and look-through exposures.
Asset classification and provisioning
Use account-level delinquency, NPA and provision rules; reconcile with financial statements.
Liquidity and ALM
Maintain maturity buckets, liquidity buffers, stress tests and contingency funding plan.
Large exposure and CRILC
Identify reportable borrower/group exposures and preserve classification/reporting controls.
Disclosure and supervisory reporting
Reconcile returns, financial statements, website disclosures and Board reporting.
Upper-layer transition
Track enhanced requirements, listing plan where applicable and exit/reclassification conditions.
Change in control and management
Obtain prior RBI approval for applicable shareholding, control or director changes.