The Reserve Bank of India (RBI) has proposed exempting small Non-Banking Financial Companies (NBFCs) that do not handle public funds from mandatory registration requirements, in a move aimed at reducing regulatory burden and improving ease of doing business.
According to the proposal, NBFCs that neither accept public deposits nor have significant exposure to public funds may be relieved from the requirement of obtaining a Certificate of Registration (CoR) from the central bank.
The initiative is intended to streamline compliance norms for smaller entities operating with limited systemic risk.
The RBI noted that the step could help rationalize the regulatory framework while allowing it to focus supervisory resources on larger, systemically important NBFCs. By easing entry barriers and ongoing compliance costs for smaller players, the move is expected to encourage formalization and support credit flow, particularly at the grassroots level.
However, the central bank is likely to retain oversight mechanisms to ensure that financial stability and consumer protection are not compromised.
The proposal is currently open for stakeholder feedback, following which the RBI may finalize the revised regulatory framework.
Reserve Bank of India (RBI) ne propose kiya hai ki chhote NBFCs jo public funds deal nahi karte, unhe mandatory registration requirement se exempt kiya ja sakta hai. Is step ka aim compliance burden kam karna aur ease of doing business improve karna hai.
Proposal ke mutabik, aise NBFCs jo na public deposits accept karte hain aur na hi public funds ka significant exposure rakhte hain, unhe Certificate of Registration (CoR) lene ki zarurat se chhoot mil sakti hai.
RBI ka maanna hai ki isse regulatory framework rationalize hoga aur central bank apna focus systemically important NBFCs par zyada effectively laga payega. Saath hi, chhote players ke liye entry aur compliance cost kam hogi, jo grassroots level par credit flow ko support kar sakti hai.
Halaanki, financial stability aur consumer protection ko dhyan mein rakhte hue RBI oversight mechanisms maintain karega.
Proposal par stakeholders se feedback liya ja raha hai, jiske baad final framework announce ho sakta hai.