Question
NBFCs – Middle Layer and NBFCs - Upper Layer with ………………….. and more ’Fixed point service delivery units shall be mandatorily required to implement ‘Core Financial Services Solution (CFS
- S ’, similar to the Core Banking Solution (CB
- S adopted by banks
Solution
NBFCs – Middle Layer and NBFCs - Upper Layer with 10 and more ’Fixed point service delivery units’ (a place of operation from where the business activity of non-banking financial intermediation is carried out by the NBFC) as on October 1, 2022 shall be mandatorily required to implement ‘Core Financial Services Solution (CFSS)’, akin to the Core Banking Solution (CBS) adopted by banks
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