Whether you want to set up an NBFC, enter into an agreement, or deal with a private lender, checking the NBFC license online is a safe practice. However, the question remains: how can one verify NBFC registration online? If the…
Loan recovery by NBFCs often falls under the RBI’s scrutiny due to unethical approaches. It isn’t something NBFCs can shape as per their needs. The Reserve Bank rolled out new guidelines regarding the same in the month of October this…
Running an NBFC is not all about following operational compliance; it is also about maintaining a minimum Net Owned Fund, shortened as NOF. So, what exactly is the NOF, and what does it have to do with NBFC compliance? How…
NBFC Account Aggregator, shortened to NBFC-AA, plays an instrumental role in making the financial sector more inclusive and customer-friendly. They share credit-seekers’ data with a certified lending partner swiftly, ensuring quicker assessment and granting of loans. However, things are about…
NBFCs in India face stringent financial regulations underpinned by the Reserve Bank of India. Central to these regulations are the NBFC principal business criteria. They require NBFCs to maintain certain thresholds of financial assets and income. Let’s see what these…
NBFCs’ contribution to the financial sector has remained unparalleled. They walk in tandem with traditional banks (although they are not supposed to act like a bank) to serve the unbanked section of the economy. With over 9000 NBFCs pan-India and…
Do you run an NBFC, or are you about to form one? Either way, you should know NBFC promoter eligibility, NBFC director eligibility, and the RBI fit and proper criteria. Why? It is because a watchdog like the Reserve Bank…
With India witnessing rapid urbanization, the demand for home loans has skyrocketed, especially in urban regions. However, despite the strong lending sector, most home-seekers with a weak CIBIL score face disappointment as traditional banks simply ignore their application. This has…
As the demand for credit continues to grow nationwide, many entrepreneurs find starting a small finance company a bright idea. However, this particular sector is filled with myriad regulatory hurdles, making the entry extremely challenging. That’s why following a definite…
Starting a finance company can be a fruitful venture in the current state of affairs. Why? Well, the answer is straightforward. The demand for credit in India across diverse industries and societies is hitting new benchmarks. People and businesses are…