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Non-Banking Financial Companies (NBFCs) are an important constituent of Indian financial system. NBFCs play a crucial role in credit disbursement within the country be it financing people uncovered by the banks, entrepreneurs & corporates, housing and infrastructure sectors. NBFCs provide collateral/non-based loans and their reach has spread to far flung areas.

Non-Banking Financial Companies (NBFCs) are an important constituent of Indian financial system. NBFCs play a crucial role in credit disbursement within the country be it financing people uncovered by the banks, entrepreneurs & corporates, housing and infrastructure sectors. NBFCs provide collateral/non-based loans and their reach has spread to far flung areas.

The development role of NBFCs is increasingly being recognised. As an important channel in the financial inclusion of masses and MSMEs, NBFCs play a crucial role in bridging the market gap for credit. As per RBI statistics, the size of NBFC sector was pegged at Rs 54 Lakh crores in 2021, which was equivalent of 25% of the asset size of whole banking sector.

With the onset of digital era, a new breed of NBFCs have emerged in the market which are adopting disruptive technologies to assess risk, connect with customers, and innovate processes to streamline their operations and customer experience.

FICCI, through its NBFC Committee, plays a pivotal role in synthesizing industry needs, communicating with the Regulator and Ministry of Finance of the emerging requirements of the sector as well as creating opportunities for members to learn from each other on the new emerging trends that are shaping the growth of this sector.

Team Leader

Anshuman Khanna

Assistant Secretary General

Timeline

2022
Jan
Policy

FICCI NBFC Committee Recommendations for Union Budget 2022-23

2020
Oct
Study

Non-banking finance sector in India - building resiliency

Events

FICCI NBFC Committee Recommendations for Union Budget 2022-23

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RBI revised regulatory framework for IDF-NBFCs

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Provisioning for Standard assets by Non-Banking Financial Company - Upper Layer

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Continuation of on-lending mechanism for priority sector

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Resolution of Stressed Assets and IBC

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Large Exposures Framework for Non-Banking Financial Company - Upper Layer (NBFC-UL)

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Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs

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