“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.” Amit Goel “They provided customized and Highly skilled CA &services. The management invests themselves in your work...
Dinesh Unnikrishnan
Lending by Banks to NBFCs for On-lending to Priority Sectors: Recent RBI Guidelines and Way Forward Gold is a highly liquid asset and it was not until recently that consumers leveraged it effectively to meet their liquidity needs through the avenue of gold loan. In India, there has been an...
Aim of the KCC scheme:To provide credit to farmers to meet short term credit needs for growing crops; Post-harvest expenses; Produce marketing loans; Consumption requirements of farmer household; working capital for maintenance of farm assets and activities; investment credit requirement for agriculture...
RBI, has eased guidelines for the Non-Banking Finance Companies, or NBFCs. In a recent notification, the banking regulator saidthat it had allowed select NBFCs to undertake factoring business subject to satisfaction of certainconditions. With this, the guidelines laid for factoring businesses have...
Details of associated financial companies, like NBFC; Certificate from Statutory Auditors (for net-owned funds); Last 3 years Audited P&L Accounts; Details of the nature of the company; A previous application for FFMC (if any); Board Resolution for acquiring FFMC; Declaration to the effect tha...
The licences ofNBFCshave been cancelled for violating RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations. As per RBI, these five NBFCs will not carry out the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45...
To review regulatory and supervisory approaches on AI with focus on financial sector globally. To identify potential risks associated with AI, if any and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, ...
Non-institutional investors. Institutional investor means QIBs, family trusts, systematically important NBFCs, all with Net-worth of Rs 500 crore or more. The Norms mandate that for companies engaged in IT related activities, at least 25% of the pre issue capital should be held by QIBs, ...
Credit Information Companies (CICs) gather data on individuals and businesses, including credit transactions, payment histories, and public records. This information is compiled into credit reports, which banks and NBFCs use to assess a borrower’s creditworthiness. ...