The Reserve Bank of India has advised non-bank lenders to adjust to the current state of liquidity even as the sector lobbies for bank loans at easier terms for lending to the small and medium enterprises sector which is known for creating jobs. RBI Governor Shaktikanta Das held discussions with leaders from the NBFC sector … Read More →
2018 was a blowout year for Non-Banking Finance Companies (NBFC) on all counts. NBFCs, though not all of them, paid a heavy price for spreading their cheese too thin. In their bid to step into the space vacated by capital-constrained Public Sector Banks (PSBs), NBFCs went on reckless credit expansion, without taking into account the … Read More →
NBFC sector in India has undergone a significant transformation over the past few years and has come to be recognised as systemically important components of the financial system and it is growing quite consistently year-on-year. NBFCs are playing a critical role for the development of core infrastructure, transport, employment generation, wealth creation, economic development, to … Read More →
NBFC prove to become a real game changer in Indian economy because it has shown considerably higher growth rate in a couple of years and it has a very rising future in Indian financial industry. Due to this many business and individuals are looking towards NBFC for their financial needs. NBFC play an important role … Read More →
The Reserve Bank of India (RBI) on Friday simplified the process of registration of new non-banking finance companies (NBFCs) by reducing the application form and the checklist of documents from the existing set of 45 documents to just seven and in some cases eight. And deposit taking and non-deposit taking NBFCs would have separate applications … Read More →
Subramanian Swamy for CBI probe into grant of small finance bank licenses Alleging flouting of its own rules by RBI in grant of 10 small finance bank licences, BJP leader Subramanian Swamy on Wednesday asked Prime Minister Narendra Modi to order a CBI-led probe into the matter. Seeking action against RBI officials, including Governor Raghuram … Read More →
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that is engaged in the business of loans and advances, receiving deposits (some NBFC’s only), acquisition of stocks or shares, leasing, hire-purchase, insurance business, chit business. Therefore, NBFCs lend and take deposits similar to banks; however there are a few differences a) … Read More →