In India, NBFC Registration often specialize in specific sectors or types of lending, catering to niche markets/underserved segments. To run an NBFC in India, it is mandatory to get NBFC Registration under RBI. However, if a financial company/individual fails to do so & claims to be regulated by the Reserve Bank of India has to face a penalty, or fine & can be prosecuted under the Court of Law.https://whizseed.com/service/nbfc-registration