NBFC registration provides a diverse range of very specific financial services, except the traditional banking ones. India, unlike any other country in the world, provides licenses for 10 different types of NBFC institutions.
NBFC (Non-Banking Financial Company), as the name suggests is a financial company that is not a bank. To simplify, an NBFC must be a company whose competency is in Finance and thus must be registered under the Companies Act of 1956.
NBFC (Non-Banking Financial Company) is a financial company that is not a bank. To simplify, an NBFC must be a company whose competency is in Finance and thus must be registered under the Companies Act of 1956. The business of this NBFC is to advance loans and deal with the acquisition of market instruments like Shares/bonds/securities etc and other securities of similar nature.
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As the name implies, an NBFC (Non-Banking Financial Company) is a financial institution that is not a bank. To put it another way, an NBFC is a firm that specializes in finance and must be established under the Companies Act of 1956. This NBFC's business is to provide loans and to deal with the acquisition of market instruments such as stocks, bonds, and securities, as well as other securities of a similar kind.
In general, a non-bank financial company which is shortly known as NBFC, is a financial establishment that does not hold a complete banking license and is not regulated by a national or international banking authority. Investment, risk pooling, contractual savings, and market brokering are among services that NBFCs enable.
India's financial sector is vast and complex. The Indian financial sector includes commercial banks and non-banking financial companies, or NBFCs. Let's start with a definition of NBFCs. As the name implies, an NBFC (Non-Banking Financial Company) is a financial institution that is not a bank. To put it another way, an NBFC is a firm that specializes in finance and must be established under the Companies Act of 1956.
NBFC registration provides a diverse range of very specific financial services, except the traditional banking ones. India, unlike any other country in the world, provides licenses for 10 different types of NBFC institutions.
India's financial sector is massive and intricate. The Indian financial sector includes commercial banks and non-banking financial companies, or NBFCs. Let's start with a definition of NBFCs. As the name implies, an NBFC (Non-Banking Financial Company) is a financial institution that is not a bank.
EMI is a predetermined payment amount given to the lender by a borrower at a particular date each calendar month. EMI is an equated monthly payment. Equated monthly instalments apply to both interest and capital every month in order to fully reimburse the loan over a set number of years.
The financial sector of India is huge. It comprises commercial banks and non-banking financial company shortly known as NBFC.
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