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NBFC Consulting & Advisory Services in India
Clear guidance for NBFC registration, compliance, and growth
We support NBFCs across India with regulatory advisory, licensing, and compliance. From setup to ongoing operations, we keep your business aligned with RBI requirements.
NBFC registration and licensing support
Structuring, documentation, and filings support
Compliance and regulatory advisory
RBI-aligned guidance
RBI Compliance and Licensing Support for NBFCs
NBFC Consulting & Advisory Services in India focus on helping you set up and run your financial business without regulatory friction. From securing your licence to managing ongoing obligations, our RBI compliance services for NBFC companies cover every stage of the journey.
Comprehensive NBFC Consulting Services in India
Our NBFC Consulting Services in India cover a wide range of licensing, structuring, and compliance needs:
Microfinance Company Registration
Assistance in registering microfinance entities focused on small-ticket lending.
Core Investment Company
Advisory and registration for companies managing investments in group entities.
Mortgage Guarantee Company
Assistance in setting up and managing mortgage guarantee businesses under RBI norms.
Housing Finance Company Registration
Support for setting up companies engaged in housing finance activities.
Peer-to-Peer Lending License
Guidance to register and operate a P2P lending platform legally.
Housing Cooperative Society Registration
Assistance in registering cooperative housing societies for residential development.
Prepaid Wallet License
Assistance in obtaining authorization to issue prepaid payment instruments.
Payments Bank License
End-to-end support for setting up a payment bank under RBI guidelines.
Full Fledged Money Changers (FFMC)
Guidance to secure RBI approval for foreign exchange business operations.
NBFC Marketing
Support in positioning, outreach, and lead generation for NBFC services.
NBFC Financial Modeling
Development of financial models for forecasting, planning, and investor presentations.
NBFC Due Diligence
Comprehensive review of financial, legal, and compliance aspects before investments or acquisitions.
NBFC Debt Recovery Advisory
Strategic support on recovery processes, restructuring, and legal actions for overdue loans.
NBFC Legal Support
Ongoing legal advisory covering contracts, regulatory matters, and dispute handling.
NBFC Account Aggregator (AA) License
End-to-end assistance in obtaining and operationalising the Account Aggregator license framework.
Payment Aggregator License
Guidance on securing RBI approval and setting up compliant digital payment aggregation operations.
Small Finance Bank License
End-to-end assistance in securing a small finance bank license from RBI.
Conversion of NBFC into Bank
Strategic and regulatory support for transitioning an NBFC into a bank.
Compliance under FEMA
Advisory on foreign exchange regulations, reporting, and transaction structuring under FEMA.
FEMA Registration Services
Support for registrations, approvals, and filings required under FEMA regulations.
RBI Regulatory Sandbox
Support in applying and testing financial products within RBI's controlled sandbox environment.
Capital Adequacy Planning for NBFCs
Support in maintaining required capital ratios and planning capital structure.
Alternative Asset Portfolio Valuation
Valuation of non-traditional assets using standard financial and regulatory methods.
Asset Liability Management for NBFCs
Advisory on managing asset-liability mismatches and maintaining financial stability.
TPAP License
Assistance in obtaining Third Party Application Provider (UPI) authorization from NPCI.
NBFC for Sale
Support in buying or selling ready NBFC entities with proper due diligence and structuring.
Lend Tech
Advisory on setting up and integrating digital lending platforms and processes.
NBFC Loan Portfolio Audit
Detailed review of loan books to assess quality, risk exposure, and compliance.
Cyber Security Audit for NBFCs
Assessment of IT systems to meet RBI cyber security and data protection requirements.
Eligibility Criteria
Before applying for an NBFC licence with the RBI, the company must meet the following conditions:
- Company Registration: Must be incorporated under the Companies Act, 1956 or 2013
- Minimum Capital Requirement: Net Owned Fund (NOF) should be at least ₹10 crore
- Principal Business Condition: Financial activities must contribute more than 50% of total assets
- Experienced Board Member: At least one director should have a financial services background
- Credit Record: Clean CIBIL history for all directors and promoters, as per RBI norms
NBFC Classification Overview
NBFCs in India are grouped based on their core activity and business model.
| Category | NBFC Type | Key Details |
|---|---|---|
| Lending & Credit-Focused NBFCs | Investment and Credit Company (NBFC-ICC) | Loans, advances, and asset financing Also invests in securities |
| Microfinance Institution (NBFC-MFI) | 85% assets in micro-loans Serves low-income households Unsecured, small ticket loans Flexible repayment cycles | |
| Peer-to-Peer Lending (NBFC-P2P) | Digital lending platform Connects lenders and borrowers Handles credit assessment and servicing Based on crowd-funding model | |
| Infrastructure & Large-Scale Finance | Infrastructure Finance Company (NBFC-IFC) | 75% assets in infrastructure lending Minimum ₹300 crore NOF Credit rating ‘A’ or above |
| Infrastructure Debt Fund (NBFC-IDF) | Raises funds through long-term bonds Supports infrastructure projects Sponsored by NBFC-IFCs | |
| Specialized Financial NBFCs | Factoring Company (NBFC-Factor) | Buys receivables at discounted value75% assets and income from factoring Minimum ₹5 crore NOF |
| Account Aggregator (NBFC-AA) | Collects and shares financial data Acts as data intermediary across institutions | |
| Mortgage Guarantee Company (NBFC-MGC) | Provides mortgage guarantees90% income from guarantee business Minimum ₹100 crore NOF | |
| Investment Holding Structures | Core Investment Company (NBFC-CIC) | 90% assets in group investments60% in equity or convertible instruments Minimum ₹100 crore asset size no active trading |
| Sector-Specific NBFCs | Housing Finance Company (NBFC-HFC) | Focuses on housing finance Primarily residential lending |
What Makes IMC a Strong NBFC Advisory Partner?
Our NBFC Consulting & Advisory Services are built on execution experience across the full registration and compliance lifecycle, not just documentation support
Grounded in Regulatory Practice
IMC has guided 40+ NBFCs through RBI registration across investment, lending, and infrastructure finance categories. Our advice is drawn from live engagements, not textbook interpretation.
Structured Around Your Business Model
Asset-light lenders, deposit-taking entities, and factor companies face different RBI expectations. We map our approach to your specific category, capital structure, and operational model from day one.
A Defined Roadmap, Not a Discovery Process
From the pre-application audit to RBI correspondence and CoR receipt, you receive a clear milestone plan at the outset — with documented responsibilities at each stage.
Continuous Involvement, Not a Handover
Our engagement doesn't end at registration. We remain active through your first compliance cycle, implementation, and early-stage audit readiness.
RBI-First Decision Making
Before any structural or operational decision is finalised, we run it against current RBI master directions and circulars. That review has helped clients avoid regulatory resubmissions and timeline delays.
Process Discipline With Room to Adapt
Our engagement framework is documented and repeatable, refined across 5 years of dedicated NBFC advisory practice, but built to accommodate mid-course changes without losing regulatory momentum.
FAQs
IMC supports NBFCs across the full lifecycle. From initial registration and RBI licensing through to ongoing compliance, debt recovery advisory, takeover support, capital adequacy planning, and financial modelling. Services are available for all NBFC categories regulated by the RBI.
The right category depends on your core activity: lending, investment holding, infrastructure finance, factoring, or payment services, among others. IMC conducts a pre-application assessment to match your business model, capital structure, and target market to the appropriate NBFC type before any filing begins.
Both. IMC works with promoters setting up new NBFCs as well as existing entities requiring compliance support, ownership restructuring, takeover advisory, or assistance responding to RBI queries.
Yes, subject to RBI and FEMA regulations. Foreign participation is permitted in certain NBFC structures, and IMC provides advisory on shareholding compliance, FEMA filings, and regulatory approvals relevant to cross-border involvement.
Registration involves incorporating a new entity and obtaining a Certificate of Registration from RBI from scratch. A takeover involves acquiring an existing NBFC that already holds a valid CoR which can be faster, but requires its own due diligence, RBI prior approval, and post-acquisition compliance alignment.
IMC