In the last few months, the NBFC Crisis on Indian Economy has gathered much limelight. Especially, small NBFCs are struggling hard with asset-liability disparity amidst several corporate governance issues. Although...
MOREIt is often observed that people confuse Prepaid Wallet with Digital Wallets. However, both of them are different. As we are well aware of the digital wallets, in this blog,...
MORENowadays, the world has become quite a technology savvy. Whether we want to eat something or have to purchase any cloth, gadgets, etc. everything is now done at just one...
MOREAccording to Section 10 of the Foreign Exchange Management Act, 1999, any business that seeks to engage itself in the money changers activity must acquire FFMC License in India. Along...
MOREIn the past few years, P2P Lending has made rapid progress and is one of the fastest-growing sectors of alternative lending. As of now, the current worth of India’s P2P...
MOREIn India, Semi closed wallets like PayTM, Mobikwik; Phone Pay, etc. have gained massive importance in the lives of people. Nowadays, people prefer e-wallets or online modes for their transactions...
MOREOver the past few years, the NBFC in India has undergone a drastic transformation, and the sector has now become a systemically essential component of the financial system. Despite the...
MOREFFMC, an acronym used for Full-Fledge Money Changer, is the third category of Authorized Dealer (AD) of AMCs (Authorized Money Changers) apart from AD- Category 1 (Banks) & AD- Category...
MOREOne of the biggest ordeals for every NBFC owner is the NBFC registration fees. Undoubtedly, the NBFC fee is quite high, and hence, everybody intending to register their business as...
MOREAs per the recent reports of Business Standard, the RBI (Reserve Bank of India) is soon going to draw up a new law or regulation for Non-Banking Financial Companies (NBFCs)....
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