Law and Practice of Non-Banking Financial Companies

Law and Practice of Non-Banking Financial Companies is an in-depth exposition of the regulatory framework for Non-Banking Financial Companies (NBFCs). The book provides a structured, critical and detailed commentary on the Master Directions– Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 as also several other relevant directions, and circulars of the RBI for. From traditional lending products such as secured loans, gold loans, vehicle loans, loans against properties and loans against shares, it provides complete regulatory inputs on new-age products such as digital lending, BNPL, supply chain financing, factoring, loans against receivables and consumer credit.

Designed as an essential resource for practitioners, policymakers and students of law and regulations applicable to NBFCs, this treatise is enriched with years of practical experience of the authors as consultants to leading NBFCs. Where needed, the book looks at comparable global laws, Basel regulations or the law applicable to banks to get contextual meaning for the regulatory framework