An institution similar to a bank but without deposit-taking capabilities. I took a vehicle loan from an NBFC known for their competitive rates. 12 Bank A steep natural incline. NBFC A financial entity that offers lending and investment services. The NBFC helped finance my startup when traditiona...
Provisioning is required for each of these assets at the rates prescribed by RBI. Additionally, NBFCs must disclose provisions made per the RBI regulations in their financial statements.NPA classificationCurrently, the NBFCs-ND with an asset size of less than INR500 crore (i.e., non-...
The Reserve Bank of India (RBI) logo is displayed outside the central bank in Mumbai, India, on Tuesday, March 3, 2020. RBI Governor Shaktikanta Das said he's ready to act to shield the economy from the coronavirus and reiterated there's room to cut interest ...