RBI Approved NBFCs Bank List in India 2025
Non-Banking Financial Companies (NBFCs) play a vital role in India’s growing financial ecosystem. They offer loans, credit, asset financing, and other financial services to individuals and businesses, especially in areas where traditional banks have limited reach. If you are searching for an updated RBI approved NBFC bank list in India, this guide is for you.
In this post, we provide a detailed overview of NBFCs, their types, and a list of RBI registered companies that are active in India as of 2025.
What is an NBFC?
An NBFC or Non-Banking Financial Company is a company registered under the Companies Act of India that provides financial services similar to banks but does not hold a banking licence. While NBFCs cannot accept demand deposits like banks, they offer services such as:
- Personal and business loans
- Leasing and hire purchase
- Asset financing
- Microfinance
- Investment advisory services
NBFCs are regulated by the Reserve Bank of India (RBI) under the RBI Act, 1934.
Difference Between NBFC and Bank
| Feature | NBFC | Bank |
|---|---|---|
| Regulation | RBI | RBI |
| Accepts Demand Deposits | No | Yes |
| Issues Cheques | No | Yes |
| CRR/SLR Requirements | Not applicable | Applicable |
| Payment System Access | Limited | Full |
While NBFCs do not offer full banking services, they are critical for reaching underserved sectors such as MSMEs, rural customers, and self-employed individuals.
Types of NBFCs in India
The RBI classifies NBFCs into several categories based on their operations:
- NBFC-Investment and Credit Company (NBFC-ICC)
- Asset Finance Company (AFC)
- Infrastructure Finance Company (IFC)
- Micro Finance Institution (NBFC-MFI)
- Housing Finance Company (HFC)
- Core Investment Company (CIC)
Each type has its own focus, ranging from microloans to infrastructure development.
RBI Approved NBFC Company List in India 2025
Here is a list of some of the prominent RBI registered NBFC companies in India as of 2025. These companies are allowed to operate under RBI guidelines and have obtained valid Certificates of Registration (CoR).
Popular RBI Registered NBFCs in India
- Bajaj Finance Limited
- Tata Capital Financial Services Ltd
- Mahindra & Mahindra Financial Services
- Aditya Birla Finance Limited
- HDB Financial Services
- L&T Finance Limited
- Muthoot Finance Ltd
- Manappuram Finance Ltd
- Cholamandalam Investment and Finance Company
- Shriram City Union Finance Ltd
These are just a few of the many NBFCs operating in India. You can check the full list on the official RBI website under the “List of Registered NBFCs”.
How to Verify RBI NBFC Registration
To check if a company is a valid RBI approved NBFC:
- Visit the official RBI website
- Go to NBFC List > Search Registered NBFCs
- Enter the company name or CoR number
- Cross-check their authorisation and classification
You can check the full list of registered NBFCs on the official RBI website.
It is important to verify before availing any financial service from an NBFC.
With the rise in digital lending platforms and fintech companies, it has become crucial to engage only with RBI registered loan companies. Dealing with unregistered or fake NBFCs can lead to financial fraud or data misuse.
Always check the RBI NBFC company list before borrowing or investing.
NBFCs continue to bridge the credit gap in India and support economic growth. Whether you are a business owner, self-employed professional, or salaried individual, choosing an RBI approved NBFC ensures that you deal with a regulated and accountable financial institution.
Bookmark this blog for quick access to the latest non banking finance company list and stay informed with the updated NBFC bank list in India 2025.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
