Wednesday, March 6, 2019, 7:58 PM
Stating that NDA government, if voted back to power, would consider reducing the corporate tax rate for all firms to 25% provided the GST collections improve, finance minister Arun Jaitley told industry captains to pass on benefits of recent GST cuts to consumers by lowering prices. The minister said that GST is now on the track and is in process of fast settling down.
Saturday, February 23, 2019, 9:03 AM
To provide greater operational flexibility to non-banking lenders, the RBI created a single-category for them by bundling their present three-tier structure. The central bank also decided that exposures to all NBFCs, excluding core investment companies, will be risk weighted as per credit-ratings. Both the decisions were first announced at the last bi-monthly review of the monetary policy in the statement on developmental and regulatory policies.
13 February 2019, Wednesday
What is Gold Loan? Gold loan or loan against gold, is a secured loan in which you pledge gold ornaments as security with a bank or NBFC. ...
13 February 2019, Wednesday
A fixed deposit is an investment instrument offered by banks and non banking financial companies NBFCs, where investors deposit money for a higher rat ...
08 February 2019, Friday
What is Education loan? Education loan is the best way to fund education-related expenditures, without disturbing the finances of your family. Thi ...
05 February 2019, Tuesday
After demonetization, banks were flush with cash and cut Fixed Deposits and SB Account rates. Citize ...
31 January 2019, Thursday
What is Education Loan? An education loan is a special type of loan designed to suit the needs of students. An education loan is the money borrowed ...
23 January 2019, Wednesday
Credit Rating Agency: In India major credit rating agencies are CRISIL, CARE, ICRA, SMERA and FITCH India. These credit rating agencies were formed ...
Saturday, January 19, 2019, 7:30 PM
A Non Banking Financial Company or NBFC is a company that is registered under the Companies Act 2013 or 1956, which is engaged in the business of Loans and Advances, equities, debentures or securities issued by the government or any local authority or other marketable securities of like nature such as leasing, hire-purchase, insurance business, chit business and so on.
Monday, January 14, 2019, 7:40 PM
The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 1 crore on Bajaj Finance Ltd, a non-banking financial company (NBFC), for violating "fair practices code". This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the NBFC with its customers, the RBI added.
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