Circular on Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs) (dated – 23.02.2022) – RBI.

• 24th, February 2022
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Circular on Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs) (dated – 23.02.2022) – RBI.

• A quarterly progress report on implementation of the Core Financial Services Solution, along with various milestones as approved by the Board / Committee of the Board, shall be furnished by the NBFC to the Senior Supervisory Manager (SSM) Office of Reserve Bank starting from quarter ending March 31, 2023.
• This circular is issued under Sections 45L and 45M of Reserve Bank of India Act, 1934, refer attachment for further details.