NBFC MFI: Conditions, Eligibility & Other Guidelines
About NBFC MFI Microfinance institutions or MFIs are financial institutions that provide loans and other financial services to poorer sections of society. Usually, their area of operations of extending small loans are rural areas and among low-income people in urban...
NBFC Finance or Bank Loan: Comparison in Detail
Loans have become essential to our lives. Whether we use it for business, buy some expensive products or property, or even for further wealth creation. Very few people can withstand unpredictable stages in life without worrying about a loan. Those businesses die or...
Non Banking Financial Companies: Types & Registration
Non Banking Financial Companies (NBFCs) are financial institutions, other than the Cooperative and Commercial Banks, which provide a variety of financial and non-financial services to individuals, business enterprises, entrepreneurs, etc. They are not required to hold...
NBFC Crisis Explained Completely
Earlier, retail as well as institutional borrowers had to borrow from banks, with nowhere else to go. Therefore NBFCs were set up. Non-Banking Financial Companies (NBFCs) are, as the name suggests, non-banking institutions in India. They are allowed to provide loans...
What is NBFC Working in its Full Form
NBFC Full Form As per the Companies Act 2013, Non Banking Financial Company or NBFC full form means that type of company which is involved in the business of receiving Loans and Credit Facilities, Acquisition of Bonds/Stocks/Shares, Hire-Purchase, Leasing, Assets...
How NBFC Play a Crucial Role in India’s Success Story
NBFC During the economic crisis of 2009, businesses across the world got stuck because of not getting finances. The banks which provided finance to them struggled to keep afloat. Relying on just a few institutions has proved to be a costly mistake for many entities....
NBFC RBI: How to File Complaint & its Conditions
The rising number of complaints about deficiency in services against NBFC (non-banking finance company) has moved RBI (Reserve Bank of India) to establish a system of ombudsman similar to that of banks. The banking ombudsman has been operative for around 2 decades. By...
NBFCs: Eligibility, Registration & Returns to be Filed
The Reserve Bank of India defines NBFCs as “companies registered under the Companies Act 1956, or later Act of 2013, engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or...
NBFC Guidelines: Registration, Compliances, Returns & Prudential Norms
Reserve Bank of India is entrusted with the responsibility of regulating and providing Non-Banking Financial Company or NBFC, the guidelines to operate. The powers are listed in Chapter III B of the Reserve Bank of India Act, 1934. The objective is to: ensure healthy...
NBFC P2P Lending & Its Complete Working
NBFC P2P or Peer to Peer lending is the process of lending money to individuals or businesses through online portals. An individual or financial institution can become a lender at P2P lending and earn interest paid by the individual or business who has borrowed money....