NBFC-UL-CET1criticalReserve Bank of India
NBFC-UL-CET1 — Common Equity Tier 1 Review
An Upper Layer NBFC must maintain Common Equity Tier 1 capital of at least 9% of risk weighted assets, reviewed by the board each quarter.
- Due
- 30th, 1 month after quarter end
- Frequency
- Quarterly
- If it lapses
- A breach must be reported immediately and invites supervisory action
- Statutory reference
- Master Direction — RBI (NBFC — Scale Based Regulation) Directions 2023
Who has to file it
Every one of these has to hold before NBFC-UL-CET1 binds an entity:
- RBI-registered NBFC
- Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
- Usually owned by:
- Accountant
- Typical effort:
- 4 hours
Common questions
- When is NBFC-UL-CET1 due?
- 30th, 1 month after quarter end. It falls due every quarter.
- Who has to file NBFC-UL-CET1?
- It applies to RBI-registered NBFC and Upper Layer (NBFC-UL) and Top Layer (NBFC-TL).
- What is the penalty for filing NBFC-UL-CET1 late?
- A breach must be reported immediately and invites supervisory action
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.