Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs), arefinancial institutionsthat offer various banking services but do not have a banking license. Generally, these institutions are not allowed to take traditionaldemand deposits—readily available funds, such as ...
What are the best fixed sources of income, other than fixed deposits (fd's), without any market risk? Does a bank assume any risk when it issues a letter of credit? What are the other XVA risks like interest rates, counterparty risk, and volatility? How does traders hedge them under th...
A personal loan is a sum of money borrowed from a bank, NBFC (Non-Banking Financial Company), or an online lender to cover expenses like vacations, weddings, home renovations, and more. Most personal loans are unsecured, meaning they don’t require collateral or security. However, due to t...
However, the costs associated with the 'luxury' you used must be paid regardless of how well your stay went. It's fascinating that this kind of 'luxury' only applies to the room you reside in or the entire cost of your stay. Food and beverages are not permitted to be brought under ...
When the buyer and seller are located in different countries, it is known as an international transaction. International transactions carry payment risk therefore, most sellers either prefer advance payment for goods or require a banker's involvement....
Most of the leading banks and NBFCs such as SBI, ICICI Bank, HDFC Bank, Bajaj Finserv, Indiabulls offer loan for land purchase. Frequently Asked Questions 1. Is a land loan different from home loan? The land loan is different from a home loan. Land loan is used for the purchase of la...
7. Non-Banking Financial Companies (NBFCs) NBFCs providing loans and financial services without being licensed banks are also vulnerable. Transaction monitoring helps detect suspicious loan applications or repayment patterns, such as applying for multiple loans with inconsistent documentation. ...
As a result, the fund manager charges a higher management fee. Advantages and Risks of Leveraged ETFs Advantages The following are the advantages of investing in leveraged exchange-traded funds: Higher Returns: These ETFs aim to magnify the daily returns, by two times or three times, of an ...
What are small finance banks and payment banks? How are they different from commercial banks? How many public and private sector banks are there in India? How do NBFCs in India raise low-cost and long-term funding from banks or financial institutions? What ...
Now that we have understood the co-branded cards with examples, let’s know how they offer customised rewards and discounts. Does Co-branded Cards = Rewards? Rewards and benefits are the real heroes of co-branded credit cards. There is no co-branded card that doesn’t have a reward progra...