NBFC

Narendra Kumar

31 Dec, 2020

Recovery Mechanism for NBFC is not covered under the SARFAESI Act. Though RBI[1] has strengthened NPA Norms, it has not laid out clear guidelines either on...

Narendra Kumar

31 Dec, 2020

NBFC stands for Non-Banking Financial Companies incorporated under Companies Act, 1956/2013 regulated by Reserve Bank of India (RBI) through Reserve Bank o...

Narendra Kumar

31 Dec, 2020

On 23rd February 2018, The Reserve Bank of India announced an ombudsman scheme for the purpose of redressing complaints against Non-Banking Financial Compa...

Narendra Kumar

13 Sep, 2022

If we talk about the financial sector of India, it is under the rapid growth in terms of both existing and new undertakings entering the market. In the cas...

Narendra Kumar

31 Dec, 2020

NBFC Factoring means a Non-Banking Financial Company satisfying the following Principal Business Criteria’s: whose financial assets in the factoring busi...

Narendra Kumar

31 Dec, 2020

The Reserve Bank of India has issued Ombudsman Scheme for Non-Banking Financial Companies, 2018 to appoint Nodal Officer/Principal Nodal Officer to address...

Narendra Kumar

31 Dec, 2020

Directions have been issued by the RBI on managing risks and code of conduct related to the outsourcing norms for NBFC. Non-Banking Financial Companies Non...

Swetha Dhinesh

01 Jul, 2023

The RBI, which is the top financial agency, is required to regulate and oversee non-banking financial enterprises and requires them to follow prudential no...