RBI's Big News: Smaller NBFCs Can Skip Registration!

On Wednesday, the RBI announced a cool new rule! Smaller non-banking financial companies (NBFCs) with assets under ₹1,000 crore and no customer interaction can skip registering with them. These lucky companies can apply to deregister by the end of 2026, as long as they follow some simple rules. But don’t forget, they still have to play nice with the RBI's guidelines!