The acceptance of any business model or plan in India needs registration under significant authority. Whether you desire to start a manufacturing unit of electronic items or establish a finance...
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The 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...
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Payment bank is a new type of financial institution which is analysed and examined by the Reserve Bank of India. These banks are allowed to accept a deposit amount of...
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Before we go through all the essential documents required for FFMC License, it is vital for you to understand the meaning of FFMC. An FFMC stand for Full Fledged Money...
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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...
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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...
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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...
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The Reserve Bank of India ordered all prepaid payment instruments or wallets that are KYC (Know Your Customer) compliant to be made interoperable by March 2022. The RBI issued a...
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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...
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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...
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