Dinesh Unnikrishnan
The regulated entities have been given time till 30 November 2022, to implement the guidelines. The main objective of these guidelines is to protect borrowers from unscrupulous lending practices. As per the guidelines, all data should be stored only in servers located within India. Borrowers will ...
Customer support is excellent as required, the process is very secure, simple and smooth, in minimal documents I got disbursement of higher personal loan at lower interest as compared to other NBFCs. It is the Best loan App and company for fast and secure credit. Must go for It. ...
A single platform to Sell or Buy NBFC Companies or Bombay Stock Exchange Listed companies and other Businesses for Sale
RBI has consolidated the regulatory framework for non-fund based facilities offered by various REs. The draft guidelines provide prudential requirements for non-fund based products being offered by Banks, NBFCs and AIFIs. This would also cover under its ambit guarantees extended by NBFCs, however ...
The composition and functioning of the Director’s Board of an NBFC are typically governed by the regulations and guidelines set forth by the financial regulatory authority of the respective country. In many cases, these guidelines are aimed at ensuring transparency, accountability, and the protection...
NBFC was to make amendments on their Fair Practices code this is according to the March 26 2012 guidelines that include: a. Application for loan and their processing b. Non- banking Financial Companies to adopt the FPC guidelines and framework regulations. c. Lending money against Gold Get Ac...
2.2 In the light of the experience gained by NBFCs in financing second hand assets, banks may also extend finance to NBFCs against second hand assets financed by them. 2.3 Banks may formulate suitable loan policy with the approval of their Boards of Directors within the prudential ...
5. Before forwarding the return to Reserve Bank (DESACS), the Company Secretary / Chartered Accountant must scrutinise related original documents and ensure that the return is complete and in order as per ECB guidelines issued by Government/RBI. 6. The unique Loan Identification Number (LIN)/RBI...
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