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Acquisition of control is covered separately by Reg 4. The question, in the context of NBFCs is, whether “takeovers” and “change of control” are to be read as two separate situations, and if yes, what will be the meaning of “takeover”? Can it be said that every “substantial ac...
When in need of borrowing one should pay attention to the meaning of nbsp secured and nbsp unsecured loans in order to make the right Read More 15 Oct 2024 Emergency Loans: How to Get Quick Financial Support in Times of Crisis As life is full of surprises expenses may occur at any ...
Bank-The meaning of bank is present under section 5 of the Banking Regulation Act, 1949. Any entity which is formed for the purpose of lending or carrying out any form of investments in the form of money, deposits of money and repayable when asked by the public or on demand. An entity...
This is because these NBFCs are considered systemically important, meaning that their failure could significantly impact the financial system.The RBI will identify which NBFCs belong in the upper layer based on certain criteria, such as their asset size, market share, and interconnectedness with ...
In India, the term “non-banking financial companies” acquires a new meaning, and a huge significance. The meaning of the term is such entities which are not banks, and yet carry lending activities almost at par with banks. They may also accept deposits – however, these deposits are term...
What is the meaning of NAV? View Solution With reference to Banking System of India, what does NEFT stand for? View Solution With reference to the banking system of India, what does NEFT stand for? View Solution What does ECS in banking transactions stand for? View Solution A man borrows ...
All other non-permissive additional terms are considered “further restrictions” within the meaning of section 10. If the Program as you received it, or any part of it, contains a notice stating that it is governed by this License along with a term that is a further restriction, you may ...