For example, if entity A is the NBFC, and entity B is the holding company whose business or assets, almost entirely, constitutes the holding of shares in the NBFC, then, one should apply the change of control at the holding company level as well. Note that even as per SAST Regulations,...
Investment in NBFCs: A Magnet for Foreign Investors Investment in NBFCs is a highly attractive undertaking for foreign investors, venture capitalists, and high-net-worth individuals (HNIs). The regulations set by RBI earn investors' confidence in an NBFC, significantly reducing the risk of loss ...
Credit growth to services have been mainly because of improved credit to ‘non-banking financial companies (NBFCs)’ and ‘trade’, per RBI’s data on sectoral deployment of credit. As per RBI, a growth of 20.9% (y-o-y) was recorded in personal loans in June 2023. This was mainly du...
“From all registered or licensed lenders with the RBI, the banks and the NBFCs, we have collected the list of apps and have given it to the government, the Ministry of Information and Technology, which has uploaded it on their website. […] Now, it’s a long list. The responsibility...
However, RBI’s permission is subject to compliance of applicable regulations. Reappointment of Sanjay Agarwal as MD and CEO of AU SFB has been recently approved by RBI for three years. The reappointment is valid with effect from April 19 till April 18, 2026. ...
A single platform to Sell or Buy NBFC Companies or Bombay Stock Exchange Listed companies and other Businesses for Sale
and lending to those sections of the indian economy not serviced by mainstream nationalised banks. these sections include small business units, small and marginal farmers, micro and small industries and unorganised sector entities. a brief summary of the regulations involving sfbs are highlighted below...
3. In terms of extant regulations, Government NBFCs have been provided time upto March 31, 2022 to adhere to the capital adequacy norms provided for NBFCs (Ref. Annex I of Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit...
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ix. Card-issuers shall ensure that the telemarketers they engage, comply with directions/regulations on the subject issued by the Telecom Regulatory Authority of India (TRAI) from time to time while adhering to guidelines issued on “Unsolicited Commercial Communications – Natio...