NBFC Registration

CERSAI Registration Compulsory for NBFCs

  • 20-Aug-2025
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Is CERSAI Registration Compulsory for NBFCs?

A frequent compliance gap seen among NBFCs is neglecting CERSAI registration. While lenders are usually diligent about RBI directives and customer verification, many overlook this crucial step—which plays a key role in safeguarding secured lending.

The Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) serves as a nationwide registry that records all mortgages and charges created on assets. For NBFCs, registering with CERSAI is not just about following regulations—it’s about ensuring security, transparency, and legal protection.

Why CERSAI is Important for NBFCs

🔹 Stops Double Financing – A property already pledged with one lender cannot be mortgaged again elsewhere.

🔹 Provides Stronger Legal Rights – NBFCs gain enforceable claims in case of borrower default.

🔹 Lowers Fraud & NPA Risks – Transparent asset records reduce chances of fraudulent or risky lending.

🔹 Speeds Up Loan Approvals – Clear collateral details enable faster and more efficient loan processing.

Advantages Beyond Compliance

CERSAI registration strengthens NBFC operations in many ways:

  • Boosts Investor & Customer Trust – Demonstrates transparency and accountability.

  • Improves Risk Management – Enhances credit due diligence and reduces exposure.

  • Ensures Regulatory Alignment – Complies with RBI and SARFAESI Act requirements.

  • Protects Secured Lending – Ensures assets are safeguarded if a borrower defaults.

The Registration Process

  1. Filing Security Interests – NBFCs record collateral and loan details on the CERSAI portal.

  2. Capturing Borrower Information – Loan amount, borrower details, and asset specifics are uploaded.

  3. Issuance of CERSAI ID – A unique ID confirms that the security interest has been registered.

  4. Regular Updates – Records must be continuously updated to maintain compliance.

Conclusion

For NBFCs, CERSAI registration is both mandatory and indispensable. It not only fulfills regulatory obligations but also strengthens the integrity of lending practices by minimizing fraud risks, protecting assets, and boosting confidence among stakeholders.

If your NBFC hasn’t yet streamlined its CERSAI compliance, this is the time to get started.

📞 Reach out for a free consultation: +91 93113 47006

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