As per the recently published RBI Data, loan growth in India has averaged at around 11% from 2012 to 2018 with a steady shift of share from traditional banking channels towards non-banking financial companies (NBFCs). As on March 2018, while the total outstanding of bank loans to corporate grew by 6% year-on-year, the NBFCs witnessed … Read More →
NBFC microfinance institutions posted more than 50 percent growth in the gross loan portfolio at Rs 51,878 crore in April-June compared to the same period of last year, industry body Microfinance Institutions Network (MFIN) said today. During the first quarter of the fiscal, NBFC-MFIs disbursed 76 lakh loans worth Rs 17,836 crore witnessing a … Read More →
To serve the need of investors whose financial requirements are left are unattended by existing banking system, the Non-Banking Financial Companies (NBFCs) started its operations in India during 1960s. The financial entity attained some level of popularity in between 1980s and 1990s however, it gained good momentum in recent times when banks were pressurised … Read More →
The market has made a solid comeback, after more than 10 percent correction seen in February and March 2018, with Nifty rising 14 percent from its March lows and Sensex gaining 15.5 percent. The market lost euphoria three-four months ago and saw deep correction which was waited for long but look at the recovery after … Read More →
Non-Banking Finance companies are expected to report as much as 35 percent growth in earnings as retail loans by small and medium enterprises continued at a brisk pace even as state-run lenders continued to hold on to their purse strings due to bad loans. Housing finance companies will maintain momentum with the growth coming … Read More →
NBFC played a critical role in stimulating the growth of the Indian economy and now NBFCs become real game changers in finances industry. NBFCs, continuously involved in providing financial services such as personal loans, financing of car/bike, truck financing, farm equipment financing, loans for purchase of used commercial machinery, secured/unsecured working capital financing, etc. The … 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 →
NBFCs are doing functions similar to banks. What is difference between banks & NBFCs ? NBFCs are doing functions akin to that of banks, however there are a few differences: (i) a NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand — immediately or within … 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 →