by admin | Dec 23, 2019 | NBFC
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....
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...
by admin | Dec 20, 2019 | NBFC
Reserve Bank of India is entrusted with the responsibility of regulating and providing Non-Banking Financial Company or NBFC, the guidelines to operate. The powers are listed in Chapter III B of the Reserve Bank of India Act, 1934. The objective is to: ensure healthy...
by admin | Dec 16, 2019 | NBFC
NBFC or Non-Banking Financial Companies have played play a crucial role in promoting inclusive growth in India, so far. By catering to the diverse financial needs of those falling outside the purview of banks. NBFC Companies are financial intermediaries involved in...
