The Economic Times

RBI proposes exempting NBFCs under 1,000 crore assets from registration to ease compliance

The Reserve Bank of India is proposing to exempt smaller non-banking finance companies from registration. Firms with assets under one thousand crore rupees may no longer need central bank approval. This move aims to reduce compliance burdens for these entities. The RBI plans to issue draft guidelines for feedback soon. This could offer greater operational flexibility to smaller firms.