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Net-worth / NOF requirements for RBI regulated entities

This article consolidates the Net-worth / NOF requirements of various entities regulated by Reserve Bank of India (RBI).

Entity Net-worth at the time of application Net-worth at the end of 3rd financial year from receiving final authorisation
Non-bank entities seeking authorisation from RBI for issuing Prepaid Payment Instruments (PPIs) ₹5 crore ₹15 crore

 

Entity Net-worth at the time of application Net-worth by March 31, 2023
Payment Aggregators ₹15 crore ₹25 crore

 

Entity Net-worth
Entity applying under Regulatory Sandbox ₹10 lakh
Tier 1 Urban Cooperative Banks (UCBs) operating in single district ₹2 crore
All other Urban Cooperative Banks (UCBs) (of all tiers) ₹5 crore
Bharat Bill Payment Operating Units (BBPOUs) ₹25 crore
Banks and non-bank Payment System Providers (PSPs) seeking access to centralised payment systems (i.e. NEFT and RTGS)
Regional Rural Banks (RRBs) willing to offer Internet Banking facility ₹50 crore
Scheduled Commercial Banks (SCBs) other than Regional Rural Banks (RRBs) willing to undertake credit card business either independently or in tie-up arrangement with other card issuing banks / NBFCs ₹100 crore
Scheduled Urban Cooperative Banks (UCBs) which are CBS enabled and willing to issue credit cards
Small finance banks applying for Authorised Dealer Category-I license ₹500 crore

 

Entity Current Net-Owned Funds (NOF) NOF for existing ARCs NOF for New ARCs
By March 31, 2024 By March 31, 2026
Asset Reconstruction Companies (ARCs) ₹100 crore ₹200 crore ₹300 crore ₹300 crore

 

Entity Current Net-Owned Funds (NOF) By March 31, 2025 By March 31, 2027
Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) ₹2 crore ₹5 crore ₹10 crore
Non-Banking Financial Company – Microfinance Institution (NBFC-MFI) ₹5 crore
(₹2 crore in NE Region) 		₹7 crore
(₹5 crore in NE Region)
Non-Banking Financial Company – Factors (NBFC-Factors) ₹5 crore ₹7 crore

 

Entity Net-Owned Funds (NOF)
Single branch Full Fledged Money Changers (FFMC) ₹25 lakh
Multiple branch Full Fledged Money Changers (FFMC) ₹50 lakh
Non-Banking Financial Company - Peer to Peer Lending Platform (NBFC-P2P) ₹2 crore
Non-Banking Financial Company - Account Aggregator (NBFC-AA)
Non-Banking Financial Company (NBFC) with no public funds and no customer interface
Non-Banking Financial Company - Housing Finance Company ((NBFC-HFC) ₹20 crore
Non-Banking Financial Company - Factors and Mortgage Guarantee Company (NBFC-MGC) ₹100 crore
Non-Banking Financial Company (NBFC) willing to undertake credit card business
Non-Banking Financial Company - Standalone Primary Dealer (NBFC – SPD) which undertake only the core activities ₹150 crore
Non-Banking Financial Company - Standalone Primary Dealer (NBFC – SPD) which also undertake non-core activities ₹250 crore
Infrastructure Debt Fund - Non-Banking Financial Company (IDF-NBFCs) ₹300 crore
Non-Banking Financial Company - Infrastructure Finance Company (NBFC-IFC)


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