During the financial year 2021, the number of non banking financial company (NBFC) license registrations and cancellations in India stood at 55 and 44 respectively. The financial year 2019 recorded the highest number of license cancellations or surrenders since 2015. RBI's guidelines for NBFCs allow a minimum net owned fund (NOF) of 20 million to operate.
Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021
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Cancellations
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Reserve Bank of India. (December 28, 2021). Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/
Reserve Bank of India. "Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021." Chart. December 28, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/
Reserve Bank of India. (2021). Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/
Reserve Bank of India. "Number of Registrations and Cancellations of Non Banking Financial Company (Nbfc) Licenses in India from Financial Year 2015 to 2021." Statista, Statista Inc., 28 Dec 2021, https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/
Reserve Bank of India, Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021 Statista, https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/ (last visited August 24, 2024)
Number of registrations and cancellations of non banking financial company (NBFC) licenses in India from financial year 2015 to 2021 [Graph], Reserve Bank of India, December 28, 2021. [Online]. Available: https://www.statista.com/statistics/1323035/india-registrations-and-cancellations-nbfc-licenses/