Cardiff Services

NBFC RBI Compliance

NBFC RBI Compliance – Overview

Every Non-Banking Financial Company (NBFC) in India is strictly regulated by the Reserve Bank of India (RBI). Once registered, an NBFC must comply with a wide range of RBI guidelines covering capital adequacy, prudential norms, asset classification, statutory returns, fair practices code, and inspections. Unlike regular companies, NBFCs are under constant scrutiny, and failure to maintain RBI compliance can lead to penalties, restrictions, or even cancellation of the NBFC license.

 

At Cardiff Services, we provide end-to-end NBFC RBI Compliance Services in India, helping NBFCs meet all statutory requirements, prepare accurate filings, and stay ready for RBI inspections. Our team ensures that your NBFC remains regulator-ready while focusing on business growth.

Why Choose Cardiff Services for NBFC RBI Compliance

At Cardiff Services, we understand that RBI compliance is the backbone of NBFC governance. Our dedicated compliance team ensures timely return filing, error-free reporting, and complete preparedness for RBI inspections.

 

We provide strategic guidance on capital adequacy, risk management, and governance, going beyond filings to strengthen your NBFC’s regulatory standing. With Cardiff Services, your NBFC compliance is accurate, reliable, and always regulator-ready.

Key Features of NBFC RBI Compliance

  • Statutory Returns Filing: Assistance in filing NBS-1, NBS-2, NBS-7, ALM, and other RBI returns.

  • Prudential Norms Advisory: Guidance on capital adequacy, provisioning, and exposure limits.

  • Fair Practices Code: Drafting and implementation of borrower-friendly policies.

  • RBI Inspection Support: Preparing NBFCs for periodic RBI audits and inspections.

  • Asset Classification & Reporting: Ensuring proper recognition of NPAs as per RBI norms.

  • Governance & Disclosure: Assistance in board governance, disclosures, and compliance reporting.

Documents Required for NBFC RBI Compliance

  • Certificate of Registration (CoR) from RBI.

  • Certificate of Incorporation, MOA & AOA.

  • Net Owned Fund (NOF) certificate and auditor’s report.

  • Audited financial statements of the NBFC.

  • RBI return templates (NBS forms, ALM, etc.).

  • Board resolutions and policy documents.

  • Shareholding pattern and capital adequacy records.

  • Borrower data and loan portfolios.

  • Previous RBI inspection reports (if applicable).

Step-by-Step Procedure for NBFC RBI Compliance

  1. Compliance Calendar Setup – Identify due dates for quarterly/annual RBI returns and reports.

  2. Data Collection – Gather financial statements, loan portfolios, and provisioning details.

  3. Return Preparation – Draft and prepare NBS forms, ALM, and other filings.

  4. RBI Filing – Submit returns and reports to RBI portal within prescribed timelines.

  5. Policy Implementation – Draft or review Fair Practices Code, KYC/AML policy, and governance standards.

  6. RBI Audit Preparation – Assist in documentation and readiness for RBI inspections.

  7. Ongoing Monitoring – Regular compliance checks to avoid penalties and notices.

Frequently Asked Questions

A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.

If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.

It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.

For a company name search in Cardiff, you may need:

  • Proposed company name

  • Business entity type (Ltd, LLP, Partnership, etc.)

  • Jurisdiction (Cardiff / UK)

  • Owner or shareholder details (if applicable)

  • Business description

A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.

Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms