NBFC Deposits, Reserve Funds, etc under RBI Act

The working and operations of an NBFC are governed within the framework of the Reserve Bank of India (RBI) Amendment Act, 1997, by RBI. Section 45-IA provides that no NBFC shall start or carry on the activities of Non- Banking Financial Institution (NBFI) without...
Check These Top NBFC in India

Check These Top NBFC in India

NBFCs are companies that are in the business of providing a wide range of specific financial services, without offering traditional banking facilities. India is the only country in the world that licenses financial institutions in 8 different categories as NBFCs,...
NBFC List of Best 30 & Their Evaluation

NBFC List of Best 30 & Their Evaluation

NBFC or Non-Banking Financial Companies cater to the diverse financial needs of those falling outside the purview of banks. This is how the existing NBFC list in India has been crucial in promoting inclusive growth. Further, NBFCs are quite proactive in the field by...
NBFC vs Bank: Best Option to Select

NBFC vs Bank: Best Option to Select

Banks and Non-Banking Financial Companies (NBFCs) are the two main intermediaries providing financial services in India. NBFC is, generally, founded by private owner vs bank, which may be formed by the government or some governmental authority. And when the...
NBFC Meaning, Principal Business, Types | NBFCLicenseIndia |

NBFC Meaning, Principal Business, Types | NBFCLicenseIndia |

Section 45I of the Reserve Bank of India Act, 1934 states NBFC meaning as – a Non-Banking Financial Institution which is a company, and which has as its principal business the lending in any manner, or receiving of deposits – under any scheme or arrangement, or in any...