The basic criterion for a NBFC (non banking financial company) to become a private sector bank is to have a proper track record. However, there are some other considerations: The company’s minimum net worth should be INR 200 crore. The figure will be increased to 300 crore rupees three y...
What's an escrow account In India? Meaning, examples, how to open and the difference between a nodal and escrow account?
A profession tax registration certificate (PTRC) must be obtained by the company who is the Employer. Profession tax Enrolment certificate (PTEC) is to be taken by the company for its own existence as well as any subsidiary engaging in the profession (and, of course, business) within the st...
They also collaborate with sales teams to boost company revenue. What is the workplace/work environment of Credit Manager like? The Credit Manager roles and responsibilities vary from organisation to organisation. In this field, the capability of an individual solely depends on the job and the ...
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NBFCs existed long before the Dodd-Frank Act. In 2007, they were given the moniker "shadow banks" by economist Paul McCulley, at the time the managing director ofPacific Investment Management Company LLC (PIMCO), to describe the expanding matrix of institutions contributing to the then-current...
In simple terms, an ISP license refers to a kind of approval that is given to a company to provide internet services to individuals and organizations. This license is granted and provided by the Department of Telecommunication (DoT), Government of India. There are certain guidelines that an app...
Mutual Fund Investing can be done online or offline. Know key steps to start investing in mutual funds scheme, various options & easiest way to invest online
Answer and Explanation:1 The RBI regulates banks and NBFCs in India. In order to complain against banks and NBFCs, one could register a complaint with the Reserve Bank of... Learn more about this topic: Financial Institution | Definition, Types & Examples ...
How do online lenders process loans in India? How different it is than by conventional financial institutions, and how do they decide on getting funding from a bank or NBFC? What happens to the money supply if the deficit is financed by selling bon...