Which Bangalore-based start-up has recently obtained a Certificate of Registration from the Reserve Bank of India to operate as an NBFC?
Bangalore-based InPrime Finserv (legal name – STK credit private limited), a financial services start-up catering to the informal economy, has achieved a significant milestone by obtaining a Certificate of Registration (COR) from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this license, InPrime joins an exclusive group of startups that have received approval from the RBI to build a lending business, achieving this feat in less than five months. InPrime aims to transform the way informal customers access formal finance in India by identifying and tapping into an untapped segment of the informal economy, which it calls the "Prime" segment.This segment includes progressive households with multiple earning avenues, who are eager to learn and adapt to the evolving digital and financial ecosystem to advance their businesses and personal lives. InPrime recognizes the need for enhanced and tailor-made financial services for this segment, which is largely underserved by the market. By developing customized financial products, InPrime plans to cater to an estimated incremental annual credit demand of approximately Rs. 5 Lac Cr, addressing an unmet need in the market.
Which of the following Statements about NPCI is/are True?
I- It was established in 2014.
II- NPCI is an initiative taken by the Reserve Ba...
Which of the following Organisation signed a loan agreement worth $250 million to improve the education Quality of Schools and anganwadi workers of Andh...
Consider the following statement about MUDRA Yojana:
1. Shishu Loan: Loans of up to Rs fifty thousand.
2. Kishore Loan: Loans ranging from...
CAGR is a way to measure how an investment or business has grown over a specific period of time. It takes into account the effect of compounding, which ...
Which of the following Tax is levied by Union and collected and appropriated by States?
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if?
The cost of unit assistance is shared between Central and State Governments in the ratio ________ in plain areas and 90:10 for North Eastern and hilly s...
Which of the following does not falls in the category of revenue expenditure?
Consider the following:
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI
Which of these is/are co...
The government recently imposed a windfall tax on the export of diesel, petrol and air turbine fuel. With reference to the windfall tax in India, consid...