NBFCs or Non-Banking Financial Companies are financial companies that provide all the financial-related services. NBFCs are registered under the Companies Act 2013. Non-Banking Financial Companies also provide asset financing support,...
MORECurrently, NBFCs (Non-Banking Financial Companies) play an essential role in financial inclusion by prolonging credit to underserved retail, small businesses, and customers in India. This industry has observed vast growth...
MOREWith the increasing functions of NBFCs in the Indian Economy, the RBI (Reserve Bank of India) announced the notification Master Direction – IT (Information Technology) Structure for the Non-Banking Financial...
MOREThe RBI (Reserve Bank of India) issued guidelines on NBFCs Dividend Distribution to introduce greater consistency and transparency in practice. The guidelines shall be successful for declaration of dividend from...
MORENBFC (Non-Banking Financial Company) is a financial company that offers financial and banking services, and it is regulated by the RBI (Reserve Bank of India) within the structure of the...
MOREThe Reserve Bank of India has recently announced the notification for the appointment of statutory auditors of NBFCs and banks. The guidelines for the selection of statutory auditors of commercial...
MOREThe 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...
MOREThe 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...
MOREA 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...
MORECurrently, 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...
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