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The Knowledge Corner
RBI Provides the Risk Based Internal Audit Rules to HFCs
| Updated: Jul 07, 2021 | Category: NBFC

RBI Provides the Risk Based Internal Audit Rules to HFCs

The Reserve Bank of India has issued a notification concerning the extension of risk based Internal Audit Rules to all non-deposit taking and deposit-taking Housing Finance Companies with assets not...

The RBI States Maximum Dividend Payout Ratio for NBFCs - An Overview
| Updated: Jul 05, 2021 | Category: NBFC, RBI Advisory

The RBI States Maximum Dividend Payout Ratio for NBFCs – An Overview

The RBI (Reserve Bank of India) released guidelines that state the criteria for NBFCs to declare dividends. The RBI (Reserve Bank of India) claimed that the new rules are framed...

| Updated: Jun 28, 2021 | Category: NBFC

MFI as NBFC: How to Establish a Micro Finance Institution as NBFC?

A Micro Finance Institution can be established as an NBFC (Non-Banking Financial Company). There are certain necessities that should be fulfilled for setting up the MFIs as NBFC. There are...

FATF Non-compliant Jurisdictions
| Updated: Jun 16, 2021 | Category: NBFC

RBI Strengthens Investment Regulations in NBFC from FATF Non-compliant Jurisdictions

Currently, the RBI (Reserve Bank of India) issues a notification to impose restrictions on investments in NBFCs (Non-Banking Financial Companies) by investors from the FATF non-compliant jurisdictions. Such restrictions were...

Ideal NBFC Software
| Updated: Jun 11, 2021 | Category: NBFC

Ideal NBFC Software: Authorising NBFCs to Simplify Workflow

The Non-Banking Financial Company sector is flourishing at a quick speed. NBFCs are the financial path that facilitates financial services and banking services without having a banking license. Non-Banking Financial...

NBFC Registration Cancellation
| Updated: Jun 10, 2021 | Category: NBFC

All You Need To Know About NBFC Registration Cancellation

In India, the number of Non-Banking Financial Companies is decreasing radically, mainly due to the amended criteria for the net owned funds. The rate of cancellation has been escalated appreciably...

Buying and Selling of NBFCs
| Updated: Jun 05, 2021 | Category: NBFC

Buying and Selling of NBFCs in India – An Overview

In terms of finances, the buying of NBFC is often called business entity takeover, whether by approval, wherein the seller entity is ready to sell its assets to the company...

Ombudsman Scheme for NBFCs
| Updated: Jun 01, 2021 | Category: NBFC

An Overview of Ombudsman Scheme for NBFCs

On April 04, 2019, Ombudsman Scheme was introduced by the Reserve Bank of India to restrain the complexities regarding grievance redressal mechanism for particular services provided by the Non-Banking Financial...

Corporate Governance in NBFCs
| Updated: May 31, 2021 | Category: NBFC

Corporate Governance in NBFCs – A Complete Guide

Corporate Governance mentions to a set of principles, system, and process by which an organisation is ruled.  It supports guidelines as to how an organisation can be directed to meet...

Fintech Startups
| Updated: May 24, 2021 | Category: NBFC

Fintech Startups Striving to Get NBFC License Despite Numerous Challenges

The full form of Fintech is Financial Technology, which involves traditional finance business through the P2P Model, asset management, crowdfunding, and mobile payments loan. Precisely, such companies don’t fit with...

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