NBFCs: Eligibility, Registration & Returns to be Filed

NBFCs: Eligibility, Registration & Returns to be Filed

by | Dec 21, 2019 | NBFC

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...

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NBFC Deposits, Reserve Funds, etc under RBI Act

by | Dec 14, 2019 | NBFC

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...
NBFC vs Bank: Best Option to Select

NBFC vs Bank: Best Option to Select

by | Dec 6, 2019 | NBFC

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...
All About Types of NBFC in India

All About Types of NBFC in India

by | Nov 29, 2019 | NBFC

About NBFCs The banking sector all over the world constitutes a large number of financial operations such as deposits, loans, etc. Most nations have a centralized bank to regulate all the banks operating in that nation. There are various types of financial...