RBI asks the NBFCs to implement core financial services solution by September 30, 2025
The Reserve Bank of India recently directed to all the non-banking financial companies (NBFCs) – in the middle and upper layers with 10 or more ‘Fixed point service delivery units’ as of October 1, 2022 must implement Core Financial Services Solution (CFSS) by September 30, 2025, similar to the Core Banking Solution (CBS) used by …












