RBI directs NBFCs to implement ‘Core Financial Services Solution’ by September 30, 2025
The RBI has mandated that non-banking financial companies (NBFCs) – middle and upper layer — having 10 and more ‘Fixed point service delivery units’ as on October 1, 2022, will have to implement Core Financial Services Solution (CFSS), akin to the Core Banking Solution (CBS) adopted by banks, by September 30, 2025. Core Financial Services […]
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