Our Work

At the NBSRO, we are dedicated to fostering a robust, transparent, and innovative environment for Non-Banking Financial Companies (NBFCs). Our work encompasses a wide range of activities aimed at supporting and regulating the NBFC sector to ensure the highest standards of professionalism, compliance, and ethical conduct. Here’s an overview of our key initiatives and services:

Regulatory Compliance and Guidance

• Compliance Support: We provide our member NBFCs with comprehensive guidance on adhering to regulatory requirements set by the Reserve Bank of India (RBI). This includes updates on new regulations, best practices, and compliance checklists.

• Regulatory Updates: We keep our members informed of the latest regulatory changes and developments in the financial sector, helping them stay ahead of compliance requirements.

Capacity Building and Training

• Training Programs: We offer a variety of training programs designed to enhance the skills and knowledge of professionals within our member NBFCs. These programs cover areas such as regulatory compliance, risk management, and financial innovation.

• Workshops and Seminars: Regular workshops and seminars are conducted to discuss emerging trends, regulatory updates, and best practices in the NBFC sector.

Research and Development

• Sectoral Research: We conduct in-depth research on the NBFC sector to identify trends, challenges, and opportunities. Our research helps shape policy recommendations and provides valuable insights to our members.

• Innovation Support: We encourage and support the development of innovative financial products and services. Our R&D initiatives aim to foster a culture of innovation within the NBFC sector.

Advocacy and Representation

• Collective Voice: As a representative body, we act as the collective voice of our member NBFCs in engagements with the RBI, government authorities, and other regulatory bodies. We advocate for policies that benefit the sector and address broader industry concerns.

• Policy Recommendations: We provide policy recommendations to the RBI and other stakeholders based on our research and feedback from our members, ensuring that the sector’s interests are well-represented.

Ethical Standards and Self-Regulation

• Code of Conduct: We have established a comprehensive Code of Conduct that all members are required to adhere to. This code promotes ethical behaviour, transparency, and accountability within the sector.

• Self-Regulatory Principles: We encourage our members to adopt self-regulatory principles and practices that go beyond regulatory requirements, fostering a culture of integrity and professionalism.

Member Support and Resources

• Consultation Services: We offer consultation services to help our members navigate complex regulatory and operational challenges. Our experts provide tailored advice and solutions to meet the unique needs of each member.

• Resource Library: Our members have access to a rich library of resources, including regulatory guidelines, research reports, best practice manuals, and more.

Monitoring and Compliance

• Regular Audits: We conduct regular audits and inspections to ensure that our members comply with regulatory standards and our Code of Conduct. These audits help maintain the integrity and trustworthiness of the NBFC sector.

• Reporting Mechanisms: We have established mechanisms for members to report any breaches of compliance or unethical behaviour. This helps us take timely corrective actions and uphold the highest standards of conduct.

By joining NBSRO, NBFCs can benefit from our comprehensive support, resources, and representation, ensuring their growth and sustainability within the regulatory framework. Together, we can create a more resilient and dynamic NBFC sector that contributes significantly to the overall financial system.

For more detailed information on our services and membership benefits, please refer to our E-Guide or contact us directly. We look forward to working with you to enhance the NBFC sector in India.