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Get Your NBFC Registration With RBI Done in 45 Days!!! RBI ROLE: NBFC REGISTRATION WITH RBI Non-Banking Financial Companies (NBFCs) serve an important in expanding financial inclusion, competitive pressure, and diversifying the financial industry. In times of financial difficulty, they are increasingly seen as a supplement to the banking system, competent in absorbing shocks and distributing risks. The implementation of differing degrees of rules to the activities of banks and NBFCs, and even across different types of NBFCs, has resulted in several complications. As a result, the Reserve Bank of India established an Internal Group to investigate problems such as fair playing field, regulatory uniformity, and financial speculation in the banking industry.