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RBI Monitoring Framework for Mid-Sized NBFCs (Rs 50-100 Cr)

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/194 · issued 24 Sep 2008 · ~2 min read
Quick answerRBI now requires non-deposit taking NBFCs with assets between Rs 50 crore and Rs 100 crore to file a quarterly return online. First submission for quarter ending September 2008 is due by first week of December 2008. Data must be filed within one month of quarter-end.

What changed

RBI introduced a new quarterly monitoring framework for non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore. These NBFCs must now submit a detailed quarterly return online covering financial parameters like assets, liabilities, sources and application of funds. The first return is for the quarter ended September 2008, due by first week of December 2008.

What it means for you

Mid-sized NBFCs now face enhanced regulatory scrutiny with mandatory quarterly reporting, increasing compliance burden. Banks lending to these NBFCs should expect more timely and granular financial data from their borrowers. This move signals RBI's intent to tighten oversight on the NBFC sector, potentially leading to stricter credit assessments by lenders.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

Non-deposit taking NBFCs with asset size Rs 50 crore to Rs 100 crore, Banks and financial institutions lending to such NBFCs, RBI's Department of Non-Banking Supervision

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Which NBFCs are covered under this new monitoring framework?

Non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore are required to file the quarterly return.

What is the deadline for submitting the first quarterly return?

The first return for the quarter ended September 2008 must be submitted by the first week of December 2008.

How should the return be filed?

The return must be filed online with the Regional Office of the Department of Non-Banking Supervision where the NBFC is registered, within one month from the close of each quarter.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #2098: DNBS.PD/CC.No.130/03.05.002/2008-09 — "Monitoring Framework for Non-deposit taking NBFCs" dated September 24, 2008”
📜 Read the original circular — full text as issued by RBI
RBI/2008-09/194 DNBS.PD/ CC.No.130 / 03.05.002 /2008-09 September 24, 2008 Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) Dear Sir, Monitoring Framework for non-deposit taking NBFCs It has been decided to call for basic information from non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore at quarterly intervals. The first such returns for the quarter ended September 2008 may be submitted by first week of December 2008. The quarterly return as at the end of each quarter may be filed online with the Regional Office of the Department of Non-Banking Supervision in whose jurisdiction your company is registered, within a period of one month from the close of the quarter. 2. The data is to be submitted online and the procedure/system for online submission would be conveyed in due course. Yours faithfully ( P Krishnamurthy ) Chief General Manager In-Charge Annex Quarterly Return on important financial parameters of Non- Banking Financial Companies (NBFCs) not accepting/holding public deposits and having asset size of more than Rs 50 crore and above but less than Rs. 100 crore Quarterly Return as at end of March 31/June 30/September 30/December 31 ___ 1.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/194 · issued 24 Sep 2008. The plain-English explanation above is BankPulse’s own independent summary.
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Related circulars · NBFC Regulation
NBFCs: PMLA Compliance & Transaction Monitoring UpdateAnnual NBS-7 Return Mandate for NBFC-ND-SIMaster Circular: Exemptions from RBI Act, 1934 for NBFCsMaster Circular: NBFC/RNBC Liquid Asset Returns & MaintenanceNBFC Auditor Report Directions 1998: Master Circular
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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=4503&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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