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Every NBFC registration or NBFC license holder company has a type. An NBFC is set up for a wide variety of purposes. The intent of the Rbi to set up different kinds of NBFCs in India is to utilize the ....
After completing an NBFC registration process, the NBFC can fully function as a financial institution. It can provide loans to the needful borrowers and accept deposits from enthusiastic depositors. T ....
A Non-Banking Financial Corporation or NBFC refers to a business entity that is set up under the Companies Act 2013 or 1956. In a country like India, NBFCs play a pivotal role along with the banking i ....
NBFC is a company which is incorporated under the companies act 2013 or 1956 and providing financial services will be an NBFC. It is mainly engaged in loans and advances, acquisition of stocks, equali ....
Recently, RBI canceled the Certificate of Registration (CoR) of seven Non-Banking Financial Institutions (NBFCs) under Section 45-IA (6) of the RBI Act, 1934.
“The Reserve Bank of ....
The RBI has issued a Fair Practice Code (FPC) for NBFC-MFIs to set standards for fair business and practices done in the company while dealing with the customer. The company must follow the FPC recomm ....
For the financial year 2023, the RBI has canceled the Certification of Registration of 17 non-banking financial companies. On the basis of the power of RBI under section 45-IA of the RBI Act 1934.&nbs ....
In a financial system, there are two main intermediaries first is bank and second is NBFC. The traditional institutions that accept public deposits and give them back as a loan to the general public a ....
To provide the loan facility in urban and rural areas, the Government of India has introduced the concept of microfinance institutions. In previous years, the MFI has gained lots of popularity because ....
The NBFCs have created a strong buzz across the Indian fintech space. They become a major part of the government’s financial inclusion because of their vast potential to disrupt the current and ....
