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

Start your NBFC Journey
RBI NBFC Advisory Services

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:

NBFC Registration

End-to-end support to obtain RBI approval and set up your NBFC.

Microfinance Company Registration

Assistance in registering microfinance entities focused on small-ticket lending.

Credit Co-operative Society

Support in forming and registering credit societies for member-based financial activities.

Core Investment Company

Advisory and registration for companies managing investments in group entities.

Full Fledged Money Changers (FFMC)

Guidance to secure RBI approval for foreign exchange business operations.

NBFC Takeover

Support in acquiring an existing NBFC, including due diligence and approvals.

Prepaid Wallet License

Assistance in obtaining authorization to issue prepaid payment instruments.

Payment Bank License

End-to-end support for setting up a payment bank under RBI guidelines.

Peer-to-Peer Lending License

Guidance to register and operate a P2P lending platform legally.

Housing Finance Company Registration

Support for setting up companies engaged in housing finance activities.

Asset Reconstruction Company Registration

Advisory for establishing entities that acquire and manage distressed assets.

Housing Cooperative Society Registration

Assistance in registering cooperative housing societies for residential development.

Conversion of NBFC into Bank

Strategic and regulatory support for transitioning an NBFC into a bank.

Small Finance Bank License

End-to-end assistance in securing a small finance bank license from RBI.

MTSS (Money Transfer Service Scheme)

Support for setting up and complying with cross-border inward remittance services under RBI guidelines.

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.

Compliance under FEMA

Advisory on foreign exchange regulations, reporting, and transaction structuring under FEMA.

RBI Regulatory Sandbox

Support in applying and testing financial products within RBI’s controlled sandbox environment.

NBFC Business Plan

Preparation of structured business plans aligned with regulatory expectations and market viability.

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.

Mortgage Guarantee Company

Assistance in setting up and managing mortgage guarantee businesses under RBI norms.

FEMA Registration Services

Support for registrations, approvals, and filings required under FEMA regulations.

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.

NBFC Financial Modeling

Development of financial models for forecasting, planning, and investor presentations.

Capital Adequacy Planning for NBFCs

Support in maintaining required capital ratios and planning capital structure.

Cyber Security Audit for NBFCs

Assessment of IT systems to meet RBI cyber security and data protection requirements.

NBFC Loan Portfolio Audit

Detailed review of loan books to assess quality, risk exposure, and compliance.

Lend Tech

Advisory on setting up and integrating digital lending platforms and processes.

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.

NBFC Marketing

Support in positioning, outreach, and lead generation for NBFC services.

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, including FMR filings, fair practices code 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.
For a standard NBFC-ICC, the process typically takes between 90 and 180 days from the date of complete application submission, subject to RBI’s internal review timeline and any clarification requests raised during assessment.