What is the full form of NBFC?

NBFC stands for Non Banking Financial Companies which are commonly known as NBFC. NBFC are governed by the Reserve Bank of India. No company can run the business of NBFC without seeking the RBI registration or RBI license.

To secure RBI license for registration of Nonbanking Financial Companies (NBFC), you must fulfill the following criteria;

• NBFC must maintain the net owned fund of Rs.2 crore.
• NBFC should be a registered company.

For more information, please read: How to register NBFC in India