Non Banking Financial Company NBFC

Cabinet Liberalises Foreign Investment Norms For NBFC Sector: Expanding the list of non-banking financial companies which can attract foreign direct investment, the Cabinet on Wednesday permitted foreign investment through the automatic route in “other financial services”, if they are under regulators like the Reserve Bank of India and market regulator Securities and Exchange Board of Read More →

Top NBFC Stocks

Investors have fallen for stocks that till yesterday were considered just an arbitrage play over banks…. !! Shares of non-banking financial companies (NBFC) have been on fire on Dalal Street. In a note tilled What Doesn’t Kill You Makes You Stronger, Amay Hattangadi, managing director of Morgan Stanley Investment Management (MSIM), and Swanand Kelkar, executive Read More →

Business finance

What is Business Financing? Business finance refers to the funds & monetary help needed by an entrepreneur for carrying out the different activities relating to his/her business organization. It is needed at every stage of a business life cycle. For instance, in starting a business, it is essential for acquiring fixed assets, such as land, Read More →

growth

In the course of recent months, shares of non-banking financial companies have been on a joyride despite the fact that the bad-loan issue has dragged banking stocks down. NBFC stocks have even bested stocks of private banks, which had been until now financial specialists’ top picks. Some NBFC shares have surged 60-80% in the present Read More →

NBFC Licesing & Registration in India

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 →

The Reserve Bank of India (RBI) on Wednesday relaxed overseas borrowings norms to help companies raise funds for infrastructure projects in the country. The central bank said it has reviewed the extant External Commercial Borrowings (ECB) guidelines in consultation with the government after “taking into account prevailing external funding sources, particularly for long-term lending and Read More →

Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the threshold for reporting of frauds and submission of quarterly progress reports on frauds Read More →

NBFC “Factors (Reserve Bank) Directions, 2012” Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/ arbitrage if any, arising from differential regulations as between NBFC-Factors and banks, the following clarifications/ Read More →