NBFC Registration
In India, Non-Banking Financial Companies often specialize in specific sectors or types of lending, catering to niche markets/underserved segments. To run an NBFC in India, it is mandatory to get NBFC Registration under RBI. However, if a financial company/individual fails to do so & claims to be regulated by the Reserve Bank of India has to face a penalty, or fine & can be prosecuted under the Court of Law.
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