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Start learning 50% faster. Sign in nowA Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. NBFCs will be classified into four categories – base, middle, upper and top layers. The regulatory structure for NBFCs comprises four layers based on their size, activity, and perceived riskiness. The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks.
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 4 months and again withdraws half of the remaining sum after 2 months....
‘A’ and ‘B’ invested Rs. 4800 and Rs. 3200, respectively in a business, together. After 6 months, ‘A’ withdrew 35% of his initial investment...
'A' and 'B' started a business by investing Rs. '7x' and Rs. '5x' respectively. Nine months later, 'A' withdrew Rs. 600 from his investment whereas 'B' ...
A and B started a retail store with initial investments in the ratio 8:9 and their annual profits were in the ratio 2:3. If A invested the money for 6 m...
Three friends, 'X', 'Y', and 'Z', invest money in the ratio 3:2:5 for 4 months, 6 months, and 8 months respectively. If they earn a total profit of Rs. ...
P started a business investing Rs.20000. After 4 months, Q joined her with the capital of Rs.25000. After another 6 months, R joined them with the capit...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 2500, Rs. 4500 and Rs. 3500, respectively. After 4 months, ‘B’ left and ‘A’ and...
Nina, Omar, and Paula invest in the business in the ratios of 9:5:p, respectively, and their time periods are 2 months, 3 months, and 4 months, respecti...
'A' and 'B' started a business with an investment of Rs. 5,600 and Rs. 7,000, respectively. After 6 months, 'C' joined them with an investment of Rs. 8,...
Two persons A and B start a business with investment of Rs 12000 and Rs 14000 respectively. After 4 months C also joined them with certain investment. T...
