Payment Bank License

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Apply for Payment Bank License
Karan Singh
| Updated: Feb 20, 2021 | Category: Payment Bank License, RBI Advisory

How to Apply for Payment Bank License?

After demonetization, a new wave of digital transactions in India has come, and people start becoming more dependent on online transactions and tend to use online payment portals, and it...

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Procedure for Prepaid Wallet License in India
Japsanjam Kaur Wadhera
| Updated: Feb 20, 2021 | Category: Prepaid Wallet, RBI Advisory

Procedure for Prepaid Wallet License in India

Since after the demonetisation, the Reserve Bank of India (RBI) has prioritized and given special importance on the use of digital transfer of money for any cash purpose. To ease...

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Requirements for Payment Gateway License
Shivani Jain
| Updated: Feb 19, 2021 | Category: Payment Gateway System, RBI Advisory

Requirements for Payment Gateway License: A Complete Guide

In India, the popularity of online shopping and e-commerce is continuously increasing at a significant rate. The reason behind the same is the ease and flexibility offered by Payment Gateways....

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Business Plan to Start Microfinance Company in India
Shivani Jain
| Updated: Feb 19, 2021 | Category: Microfinance Company, RBI Advisory

Start Microfinance Company in India: A Complete Business Plan

For the prosperity and upliftment of the low and medium income level strata, finance and credit play a significant role in their lives. However, the majority population of this income...

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Requirements for Payment Bank License
Shivani Jain
| Updated: Feb 16, 2021 | Category: Payment Bank License

Requirements for Payment Bank License: A Complete Guide

The dynamics of Indian Economic System have completely changed after Demonetization. People now rely more on paperless transactions and prefer to use digital payment portals instead of the traditional method....

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Revised Regulatory Framework Proposed by RBI for NBFCs
Japsanjam Kaur Wadhera
| Updated: Feb 13, 2021 | Category: NBFC, RBI Advisory

Revised Regulatory Framework Proposed by RBI for NBFCs

Over the years, NBFCs are turning systemically significant owing to their complexity, size and interconnectedness, the RBI has worked on to review the regulatory framework of NBFCs by adopting a...

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Legal Entity Identifier: Implementation of LEI by RBI for Large Value Transactions
Shivani Jain
| Updated: Feb 10, 2021 | Category: News, RBI Advisory

Legal Entity Identifier: Implementation of LEI by RBI for Large Value Transactions

Recently, the Reserve Bank of India, by way of Notification No RBI/2020 – 21/ 82, issued on 05.01.2021. The said notification deals with the implementation of the Legal Entity Identifier,...

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Different Ways to Establish Micro Finance Company
Karan Singh
| Updated: Feb 03, 2021 | Category: Microfinance Company

Different Ways to Establish Micro Finance Company

Before we discuss the different ways to establish Micro Finance Company, let us first understand Micro Finance Company. Microfinance companies come under the category of financial institutions that render budgetary...

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Pros and Cons of Non Convertible Debentures Issued by NBFC
Japsanjam Kaur Wadhera
| Updated: Feb 02, 2021 | Category: NBFC

What are the Pros and Cons of Non Convertible Debentures (NCD) Issued by NBFC?

Non- Convertible Debentures (NCD) are the fixed income instruments, which are issued or obtained by the high rated companies in the form of the public issue to reserve long term...

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FFMC License Delhi Documents Required
Karan Singh
| Updated: Jan 29, 2021 | Category: FFMC

Discover the List of Documents Required for FFMC License in Delhi

Before we discuss the list of documents required for FFMC License in Delhi, it is important for us to know the definition of FFMC. FFMC stands for Full Fledged Money...

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