It is a well-established practice among dealers or manufacturers to offer subventions or discounts on products to customers availing loans from financial institutions. In such instances, banks/NBFCs, leverage their volumes and vendor relationships to secure favourable terms. Here, it becomes imperative...
You can also facilitate the growth of individuals without access to traditional banks through loans and other financial offerings. You can also offer investment services and manage assets, helping your clients grow their wealth. Overall, your services can help your NBFC meet its functions and contrib...
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Additionally, at least 75% of the company's financial assets should be used for the factoring business. At least 75% of its revenue must come from gross income. Housing Finance Companies (NBFC-HFC) A housing finance company ("HFC") is another form of a non-banking financial company ("...
Non Banking Financial Companies (Deals) Bombay Stock Exchange Listed Companies (Deals) Get Alert on New BSE and NBFC Deals NBFC (Procedure and Other Details) What's New 11-02-2025 New Income Tax Bill 2025 LIVE Updates: New I-T bill to be tabled in Lok Sabha this week, how it will ...
- Preparation of Monthly, Quarterly and Annual Financial Statement of the Bank for HO reporting purpose and RBI reporting purpose.- Input of accounting entries in CBS related to daily budget expenditure, management of fixed assets.- To prepare responses to adhoc queries of RBI.- Filing & ...
“Over the years, the sector has undergone considerable evolution in terms of size, complexity, and inter-connectedness within the financial sector. Many entities have grown and become systemically significant and hence there is a need to align the regulatory framework for ...
The classification has also been done of the NPAs relating to the NBFCs falling in the base layer from 180 days to 90 days overdue. This new framework aims to protect financial stability.The rationale of the PolicyWe need to understand the reasons for this regulation of the NBFCs. The ...
NBS-1 – Applicable to all types of NBFCs having access to public funds and NBS-1 should submitted within 15 days from the end of the Quarter and Return on Financial Indicators by deposit taking NBFCs to capture financial details, viz. components of Assets and Liabilities, Profit and Loss ...
Learn about auditing Non-Banking Financial Services (NBFCs) with Enterslice. Explore different types of NBFC audits for compliance and accuracy.