Article · FAQ (updated 15 September 2026)

RBI FAQs on Non-Banking Financial Companies

Reserve Bank of India · rbi.org.in Free Intermediate India

The RBI's own FAQ on NBFCs, updated September 2026: no company may carry on NBFC business without a Certificate of Registration and net owned funds of Rs 10 crore (Rs 2 crore for P2P lenders and account aggregators), and applications go through the PRAVAAH portal.

  • A new NBFC needs Rs 10 crore of net owned funds from the start.
  • P2P lending platforms and account aggregators need Rs 2 crore.
  • Apply for the Certificate of Registration on PRAVAAH with the prescribed documents.
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The question it answers

  1. How do I start an NBFC or a lending company in India?

Read with it

  1. The RBI's online portal for licence and registration applications, including an NBFC's Certificate of Registration. pravaah.rbi.org.in Tool · Official portal PRAVAAH: RBI's portal for applications and approvals Reserve Bank of India
  2. A July 2026 guide to becoming an NBFC: Rs 10 crore of net owned funds for a new lender, no RBI fee, PRAVAAH filing, a realistic... calcguru.in Article · 10 min read NBFC registration in India 2026: the Rs 10 crore truth CalcGuru
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