From Incorporation to RBI Approval: Real NBFC Registration Timeline
Lots of people start the financial services business thinking that getting NBFC registration is just a matter of a quick licensing process. But actually, getting approval from RBI is a multi-stage process with lots of documentation, a hefty amount of capital, regulatory inspections, and compliance checks. Yes, the ads often say that you get approval fast, but the actual timeline is quite dependent on how well you are prepared, your business structure, and the regulatory office's review. Putting yourself through the registration process is a good idea as it enables you to understand the real time needed and set realistic expectations before you start your NBFC business.
