Monisha Chaudhary
Experienced Legal and Advisory professional with 5+ years of workings in the field of compliance, statutory governance and licensing, RBI, IRDAI matters etc.
All you need to know about NBFC Registration in India?
NBFC stands for “Non- Banking Financial Company”. It provides similar services to banking like lending money, but the company doesn’t require to meet any legal stipulation of the bank. An NBFC company is incorporated under the Companies Act, 2013, thus every NBFC must get a commencement of business certificate from the Reserve Bank of India. […]
Why NBFC Registration is Required in India?
What is NBFC? NBFC stands for a non – banking financial company, it’s a company registered under the “companies act 2013”. It involves the principal business of lending the investments in- In this article we will discuss NBFC registration is required in India. Stocks Shares Bonds Debentures Or leasing Or insurances Hire purchases Insurance businesses […]
What is Nidhi Company Registration?
“Nidhi” is a Hindi word, which implies fund or finance. Nidhi is an organization which has the sole purpose of building up the habit of thrift and reserving funds among its individuals & furthermore getting deposits and loaning to their members for their benefit. Nidhi Company is a Non-Banking Financial Company which don’t require RBI […]
How Retail Lending Considered As the Best Business Model for NBFC?
What is retail lending? Retail lending is the practice of lending money to individuals rather than organizations. Retail lending is done by banks, credit unions, and savings and loan associations. These institutions make loans for automobile purchases, home purchases, medical care, home repair, vacations, and other consumer uses. A lender is an individual, a community group, a private group or a financial institute […]
How can Traditional NBFC Win the Battle for Millennials?
New generations of young & technology peoples face a highly complex & uncertain economic environment with a degree of choice & consumer freedom never seen before. Financial institutions need to help Millennials not only to access credit but also to navigate the intricacy of their financial lifecycle. Thus the banks & credit unions do not […]
NBFC vs MFI: Non-Banking Financial Company Vs Micro Finance Institutions
India is a country with a huge population. Banks, in spite of having increased their presence, have certain limitations as they cannot open branches in remote and inaccessible places. This is why to meet banking requirements of the people, there are many NBFC operating mainly in rural parts of the country. Lets discuss about NBFC […]
P2P Lending RBI Regulations – Future of P2P Lending in India
After immense discussion on P2P lending regulations in India, the Reserve Bank of India issued gazette notification dated 18th September 2017 stating that peer to peer companies who provide loan facility service will be treated as Non-Banking Financial Companies (NBFC). Though the regulator’s detailed guidelines for this sector are still pending, this development means that […]
Difference Between Banks v/s NBFCs
Succeeding in attaining a loan in India is no more a tough task if one meets the eligibility criteria but the key concern among many is to decide whether to choose a bank or NBFC for shopping of loans in India. Banks vs NBFCs Non-Banking Financial Companies (NBFCs) are both financial intermediaries playing somewhat similar […]
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