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....