As per the recent guidelines regarding NBFCs (Non Banking Finance Companies), the NBFCs in Upper and Middle layer are required to implement Core Financial Service Solution akin to Core Banking Solution if………..
NBFCs – Middle Layer and NBFCs - Upper Layer with 10 and more ’Fixed point service delivery units’ as on October 1, 2022 shall be mandatorily required to implement ‘Core Financial Services Solution (CFSS)’, akin to the Core Banking Solution (CBS) adopted by banks. The CFSS shall provide for seamless customer interface in digital offerings and transactions relating to products and services with anywhere / anytime facility, enable integration of NBFCs’ functions, provide centralised database and accounting records, and be able to generate suitable MIS, both for internal purposes and regulatory reporting.
Which cities will be the main focus during Sri Lanka's National Poson Week?
The PM eVIDYA has been initiated as part of Atma Nirbhar Bharat Abhiyaan by the Ministry of Education on _______________ , which has helped Central Inst...
The initiative to remove exotic plants from Chinnakkanal forests is primarily intended to:
What is the objective of the "SUFALAM" Startup Conclave 2024 inaugurated by Pashupati Kumar Paras?
Which of the following statements about India's solar photovoltaic (PV) module capacity expansion is true, according to the joint report by IEEFA and JM...
Topaz has been recently launched for generative artificial intelligence (AI) that helps to amplify the potential of humans, enterprises, and communities...
Chairman of 'Central Board of Film Certification' launched new mobile app Who is the chairman of CBFC?
Which mining company is going to invest Rs 800 crore to set up a battery aluminium foil 25000 tonne plant in Odisha which will be be commissioned by J...
Which bank has partnered with the Tamil Nadu government backed StartupTN to foster entrepreneurship in the state & would strengthen the ecosystem and pr...
Recently scientists of which institute of India have discovered a new star?
