NBFC

NBFC

Report: RBI may allow NBFCs to issue credit cards

RJA 07 Apr, 2022

Report: RBI may allow NBFCs to issue credit cards As per the latest reports it is believed that the RBI might allow the issue of credit card by NBFC. Till Now, the NBFC are only allowed to issue co branded credit cards. But New updates suggests that NBFC now will ...

NBFC

Non-banking financial companies(NBFC) Business Model

RJA 29 Mar, 2022

NBFC BUSINESS MODEL The New NBFC regulatory rules has a goal to build a well-informed cadre population, that has abilities and is able to attain credit and a rating which better elucidates the repayment capabilities. The Economy calls for the NBFC’s to grasp the importance of alternate data ...

NBFC

Understand Growth of India's Non-Banking Financial Company

RJA 25 Feb, 2022

Understand Growth of India's Non-Banking Financial Company Non-banking financial companies, or Non-Banking Financial Companies, have made substantial progress of scale and diversification of activities. They now play a critical role in promoting inclusive growth by giving less-banked customers access to financial services. By leveraging technology in credit disbursement, non-banking ...

NBFC

Returns by NBFC with RBI, NBFC Return Filing

RJA 20 Sep, 2021

Returns by NBFC with RBI According to the Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016, NBFCs are required to file various returns to RBI regarding deposit acceptance, prudential standards compliance, ALM, and other matters. The master directives establish the groundwork for RBI-compliant and secure NBFC operations. The NBFC ...

NBFC

Reserve Bank of India cancels registration certificate of 7 NBFCs

RJA 29 Oct, 2020

The RBI has been scrutiny of non-banking firms and tightening monitoring over the years. The Reserve Bank of India has cancelled the registration certificates of 7 Non-banking finance companies. These are mentioned below : U K Fin Services Limited, Prabhat (India) Limited, Compusta Securities Private Limited, Malpani Financial Services Private Limited, Harshad ...

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