Registration of NBFC

• The maximum amount that may be borrowed to finance IPO subscriptions would be 1 crore rupees per borrower.
• Four tiers will make up the nbfcs' regulatory structure:
• Base Layer: Non-deposit-taking nbfcs with assets under Rs. 1,000 crore; Middle Layer: All deposit-taking nbfcs; Non-deposit-taking nbfcs with assets beyond Rs. 1,000 crore;
• Upper Layer: This layer will be home to the top 10 qualifying nbfcs in terms of asset size;
• Top Layer: If the regulator thinks that certain nbfcs in the higher layer are significantly increasing the potential risk, this layer may fill up.
• With few exclusions, the minimum amount of net owned funds for all nbfcs will increase to 10 crore Rupees.
• With few exclusions, the net owned fund requirement will increase for all NBFCs to 10 crore Rupees.
Note

The Below guidelines will be effective from 1st October 2022. Further, the instructions related to the ceiling on IPO funding shall come into effect from 1st April 2022.

• The net owned money will be 2 crore rupees for NBFC P2P, NBFC AA, and NBFC without public funding and without a client interface.
• The net owned money will be 2 crore rupees for NBFC P2P, NBFC AA, and NBFC without public funding and without a client interface.
• By March 2026, NBFCs must classify loans that are past due by more than 90 days as NPAs, and by more than 150 days by March 2024.