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NBFC Registration from RBI - NBFC Registration - NBFC License

Posted by swaritadvisors on January 31st, 2019

Why fresh NBFC registration is better than NBFC takeover?

People always confuse in whether should I go for fresh NBFC Registration or should I go for NBFC Takeover. However, if compared the timeline and the contingencies involved in the takeover is much higher as in the case of Fresh Registration. We have experienced 90% Success ratio in case of NBFC Registration and only 30% Success in NBFC takeover.

The functioning of NBFC is similar to that of Banks only for the lending activities. There is a significant difference in the functioning of both the entities. We have enlisted few of them:

  • NBFCs are not considered as a part of the payment and settlement system in the country and hence NBFCs cannot issue cheques drawn on itself.
  • While banks are incorporated under the Banking Act, NBFC is a Company, incorporated under The Companies Act, 2013.
  • As far as lending is concerned banks tend to target corporate as well as retailers. On the other hand, NBFCs focus towards the retail sector. For example, this could be in vehicle finance, consumer loans etc.
  • Banks tend to frequently issue debit/credit cards and other pre-paid instruments depending on the needs of the customers, while NBFCs cannot do so.
  • Rating is another key difference between banks and NBFCs. For example, the deposits of NBFCs are rated, while the deposits of banks are not.

How you can apply for NBFC Registration?

  • Click on Get Started button on our Website.
  • Fil your Name, Cell No and Email id.
  • You will have directed to the Payment page, Pay the token Money or do not pay.
  • If you make a payment you order is generated and immediately our team will call you and   will send you a proposal.
  • Sign Service Level Agreement.
  • After Submission of Documents to RBI, it usually takes 90 days to 120 days.
  • Start you finance business.
  • Subscribe Swarit Advisors NBFC Annual compliance package.
  • Sign Internal Audit Package with Swarit Advisors.
Also See: Nbfc Registration, Swarit Advisors, Nbfc Takeover, Nbfcs Cannot, Registration, Nbfc, Nbfcs

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