by admin | Dec 23, 2019 | NBFC
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...
by admin | Dec 23, 2019 | NBFC
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...
by admin | Dec 23, 2019 | NBFC
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...
by admin | Dec 21, 2019 | NBFC
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...
by admin | 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...
