RBI’s ₹1,000-crore NBFC threshold: Which finance companies can now escape registration?

The RBI’s revised framework allows eligible NBFCs with assets below ₹1,000 crore to seek exemption from registration if they have no public funds and no customer interface. The framework, effective from July 1, 2026, also sets out registration requirements for larger entities and NBFCs that plan to expand into customer-facing or public-fund activities.