Certain entities are exempt from registering as Non-Banking Financial Companies (NBFCs) under the Reserve Bank of India (RBI) regulations. These exemptions are provided to avoid overlap in regulatory oversight or due to the specific nature of the entities. Here are the key exemptions:
Banks: Scheduled and cooperative banks, as they are regulated directly under banking laws.
Govern... https://www.compliancecalendar.in/nbfc-company-registration