{"id":58378,"date":"2022-05-19T18:04:59","date_gmt":"2022-05-19T12:34:59","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=58378"},"modified":"2022-09-13T17:50:28","modified_gmt":"2022-09-13T12:20:28","slug":"nbfcs-seek-exemption-for-daily-stamping-of-accounts-of-small-borrowers","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/nbfcs-seek-exemption-for-daily-stamping-of-accounts-of-small-borrowers\/","title":{"rendered":"NBFCs seek exemption for daily stamping of accounts of small borrowers"},"content":{"rendered":"<p>Non-Banking Financial Companies request the Reserve Bank of India for exemption on the daily stamping of small borrower accounts. NBFCs have sought relaxation for borrowers with loan amounts upto Rs2 crore. The reason being such borrowers don&rsquo;t have stable cash flow.<\/p>\n\n\n\n<p>The industry players have been in constant dialogue with the regulator on the issue of moving NPA to a day stamping. <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NBFC&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Non-Banking Financial Companies (NBFC) operate similarly to banks but do not possess the legal status of a bank. Registered under the Companies Act 2013 and governed by the RBI Act&amp;#039;s section(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/nbfc\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>NBFC<\/a> institutes have reiterated that most of their borrowers are daily, monthly or weekly earners. Therefore it would be tough for such customers to pay back the loan on the exact due date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-Banking Financial Companies request the Reserve Bank of India for exemption on the daily stamping of small borrower accounts. NBFCs have sought relaxation for borrowers with loan amounts upto Rs2 crore. The reason being such borrowers don&rsquo;t have stable cash flow. The industry players have been in constant dialogue with the regulator on the issue [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":58380,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFCs seek exemption for daily stamping of accounts of small borrowers-Enterslice<\/title>\n<meta name=\"description\" content=\"Non-Banking Financial Companies request the Reserve Bank of India for exemption on the daily stamping of small borrowers accounts.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/nbfcs-seek-exemption-for-daily-stamping-of-accounts-of-small-borrowers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFCs seek exemption for daily stamping of accounts of small borrowers-Enterslice\" \/>\n<meta property=\"og:description\" content=\"Non-Banking Financial Companies request the Reserve Bank of India for exemption on the daily stamping of small borrowers accounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/nbfcs-seek-exemption-for-daily-stamping-of-accounts-of-small-borrowers\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T12:20:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/05\/NBFCs-seek-exemption-for-daily-stamping-of-accounts-of-small-borrowers-ganesh.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58378"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=58378"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58378\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/58380"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=58378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}