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A 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.
Which regulatory body introduced the asset class under which Mutual Funds Lite (MF Lite) schemes would fall, offering greater flexibility to investors i...
Find the ODD one out from the given options.
Which organization oversees the Unified Recovery Interface (URI) aimed at improving banks' recovery processes?
What is the primary role of SECL's Post-Retirement Benefit (PRB) Cell?
What was the percentage decline in Indian companies' foreign borrowings in 2024?
Which state government has increased the upper age limit by five years for the government job aspirants from the year 2022?
What achievement did Aman Sehrawat accomplish at the Paris 2024 Olympics?
Which flying squirrel resurfaced in Arunachal Pradesh recently, and when was it last described?
PM Mitra Mega Textile Park will be set up in how many states?
The World Bank has approved a grant of _____ to set up an integrated road safety enforcement system in Shimla and Nurpur police districts and develop ...