When a registered business purchases goods or services from an unregistered supplier under thereverse charge mechanism in GST, the responsibility to issue an invoice falls on the recipient. This means that the recipient must create and maintain a valid invoice to document the purchase. For instance,...
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.” Amit Goel “Amazing services provided by your organization. They have completed our NBFC registration order within st...
To get a strong start, make sure you provide all the information the lender requires about your business performance and loan requirements. This gives banks or NBFCs a fair idea of your credibility as a borrower and your repayment capacity. Next, build a case for your business that will incr...
Banks and NBFCs– Various banks and Non-Banking Financial Companies also offer mutual fund schemes through the offline mode. You have to visit their office and contact a representative, commonly known as a Relationship Manager (RM) to start your investment journey. However, they invest your money...
We achieved this impressive achievement through a well-executed App Store Optimization campaign that resulted in the app ranking for 61 key search terms and improving its rating from 3.1 to 4.2. Impressive, isn’t it?Check out our case study here to know how we helped the NBFC to achieve ...
High leverage – Speculators may borrow money from the brokerages firm (on margin) or NBFCs to keep on the bull rally. The debt cycle keeps increasing, and when stocks drop, the investor wealth can be completely wiped out due to the high margin. Government measures such as low-interest ra...
You can apply for these cards online on the website of the desired NBFC or bank. You can also obtain the desired card on CreditMantri. Here are the steps to apply through CreditMantri Step 1: Select the card that you want to apply for and click ‘Apply’ Step 2: You will be ...
How do I become a CIBIL member and access the credit scores for customers when I am not an NBFC? Why are credit cards' last 4 digits unique? How can I transfer my HDFC VISA credit card balance amount to my HDFC bank account? Will they charge me for this transfer?
Banks and NBFCs use these reports of individuals, provided by CIBIL, to assess an applicant’s credit history. They use this data to decide if the applicant is liable for the credit or loan he/she has requested. This proves that CIBIL is an important element of India’s financial system....
One area that regulators are aiming to reduce the risks posed by shadow banking is by scrutinizing the exposure of regular banks to unregulated entities and products. While this stops short of regulating NBFCs, reining in their connection with traditional banking entities could help limit the risk ...