Question: what is type 1 nbfc nd?
Answer: Among NBFCs-ND, those with an asset size of ₹5 billion or more are classified as non-deposit taking systemically important NBFCs (NBFCs-ND-SI). ... The applications for Type I NBFCs, which do not have / intend to accept public funds and do not have / intend to have customer interface, are considered on a fast-track basis.