The activities relating to foreign currency or money exchange can only be undertaken by Authorised Money Changers, who hold the FFMC or Full-Fledged Money Changer License. Any business who holds...
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This article talks about the pre-coronavirus NBFC sector, the effects of COVID-19 on NBFC and the measures which can be taken by NBFCs in India to manage the coronavirus impact...
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NBFC vs Banks: A person or business venture may require financial assistance at an important stage of their personal or professional life. The Indian banking and financial sector has played...
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The banking sector encompasses various financial operations such as deposits, loans, and so on. Most countries have a centralized bank that regulates all other banks in the country, in India...
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Foreign exchange is crucial for a country to stay in the global trade mixture. Foreign exchange deals with trade of foreign currency in case of any transaction that happens internationally....
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India is a rapidly developing economy, with a diverse population and a large bank of talent. However, a significant portion of the country’s population resides in rural and semi-urban areas,...
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When people with a mutual social, cultural, and economic interests join together to form an establishment, it is known as Cooperative Society. The fundamental objective of a Cooperative Society is...
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NBFCs are financial institutions that are registered under the Companies Act, 2013, and regulated under Section 45-I of the Reserve Bank of India Act, 1934. Such entities carry the business...
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Peer to Peer abbreviated as P2P is an online lending platform that enables an individual to avail loans from another individual without the need of any intermediary. P2P platform connects...
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In recent times, the Forex industry has flourished at a rapid pace in India. The currency exchange business model is a gateway to profit-making opportunities for budding entrepreneurs. Since the...
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