NBFC MFI: Conditions, Eligibility & Other Guidelines

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

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: 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

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

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

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

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

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 P2P Lending & Its Complete Working

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....

NBFC Registration

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