Read more about the article Is It Mandatory for Every NBFC to Register with the RBI?
An Indian pedestrian walks out of The Reserve Bank of India (RBI) building in Mumbai on April 29, 2008. India's central bank held key interest rates steady but hiked the percentage of cash banks must hold in reserve to 8.25 percent to curb inflation riding at over three-year highs.It was the second time the Reserve Bank of India had announced an increase in the cash reserve ratio (CRR) in two weeks as it seeks to suck out excess liquidity in the banking system and fight inflation now at 7.33 percent. AFP PHOTO Sajjad HUSSAIN

Is It Mandatory for Every NBFC to Register with the RBI?

In India, Non-Banking Financial Companies (NBFCs) play a vital role in enhancing financial inclusion and offering credit to segments often underserved by traditional banks. However, a frequently asked question by…

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