RBI's Fun New Rule: Small NBFCs Get a Break on Registration!

The Reserve Bank of India (RBI) just dropped a surprise! They announced that some small non-banking financial companies (NBFCs) can skip the registration dance if they don’t handle public funds or customers and have assets under Rs 1,000 crore. But if they’re bigger, they’ll need to register. They’ve got six months to sort it all out through the PRAVAAH portal!