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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...
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...
All About Types of NBFC in India
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...