rbi manipulated statements raise compliance concerns 1️⃣2️⃣ high level npas correction measuresweak portfolio health signals poor risk management 1️⃣3️⃣ misuse public funds conduct statutory audits properlyaudit qualifications lack funds undisclosed liabilities violation 1️⃣4️⃣ -cooperation rbi inspectionsavoidance transparencydiversion 1️⃣1️⃣ failure permitted nbfc category attract action activities unregulated dsa operations red flags 8️⃣ cybersecurity & system weaknessesdata breaches poor infrastructure weak digital lending systems concerns 9️⃣ meeting prudential normsincorrect provisioning poor asset classification incorrect reporting penalties 🔟 engaging prohibited activitiesunapproved business models delay outsourcing risks incomplete information grounds 🔧 fixing nbfc’ compliance gaps nbfc advisor comprehensive support continuous compliance compliance auditsregulatory gap assessmentrisk mitigationgovernance improvementskyc/aml framework strengtheningongoing rbi reporting supportour team ensures safe fully aligned regulatory expectations 📩 compliance reviewed dm nbfc stays compliant robust revivethe face scrutinythe business 1️⃣5️⃣ failure protect customer interestsany risk customers investors depositors trigger rbi intervention 🚨 risks seriouslyonce lending operations stop immediatelythe nbfc onboard customerscollections recovery complicateddirectors inspections -compliant loan origination & collection processesimproper documentation 7️⃣ major violations due compliance lapses weak systems poor governance license cancelled fraud — stop reviving appealing cancellation extremely challenging stay safe understand financial activities immediately cancellations happen avoidable reasons nbfc license cancel nbfc license — key risks avoidrunning nbfc immense responsibility reserve bank india closely monitors functioning governance financial stability country companies don’ realise risks attract regulatory action 🔍 15 reasons rbi nbfc licensehere rbi scrutiny 4️⃣ poor corporate governancelack board oversight related-party transactions mismanagement lead regulatory action 5️⃣ failure commence business reasonable timeinactive nbfcs “shell structure” entities risk cancellation 6️⃣ fair practices codeharsh recovery practices mis-selling customer harassment weak monitoring systems attract detailed compliance health check missing documents -compliance common — preventable — triggers 1️⃣ failure maintain minimum net owned funds nof falling required nof threshold biggest reasons 2️⃣ -submission mandatory returnsmissing key filings nbs1 nbs2 nbs9 statutory returns signals 3️⃣ weak kyc & aml frameworkpoor customer verification #nbfcadvisor #rbi #compliance #audit #governance #financialservices #regulatorycompliance #riskmanagement #nbfc