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.
Tuesday, January 8, 2019, 8:15 PM
The securitisation market volumes in the country touched a life-time high of Rs.1.44 trillion in nine-months of current fiscal, with around Rs.78,000Cr generated in third quarter, says a report. The securitisation market remained buoyant in third quarter driven by the prevailing liquidity crisis, following defaults by IL&FS and its subsidiaries. The report said PSL requirements of banks have remained driving force behind securitisation volumes.
08 January 2019, Tuesday
What Is Home Loan? A home loan is money borrowed from a bank or a lending institution like an NBFC, for the purchase of a house or residential land ...
Monday, January 7, 2019, 7:33 PM
Reserve Bank Governor Shaktikanta Das today said the central bank will take steps if there is a liquidity shortage in the economy, though currently liquidity needs are largely met. Das, who met associations of small and medium enterprises in the national capital, will meet non-banking financial companies (NBFCs) on Tuesday to get a perspective on liquidity needs, he told reporters.
Sunday, January 6, 2019, 5:04 PM
Lack of real-time data on NBFCs (non-banking financial companies) has pushed authorities to develop a system for more information about the sector as the government and the RBI are creating a new data source on such companies, The Indian Express reported. The NBFC sector has been witnessing liquidity crunch following the IL&FS crisis since August last year.
14 December 2018, Friday
What is a shop? A shop is defined as a building/property established for the sole purpose of selling goods or services. A shop may have only one perso ...
07 December 2018, Friday
Personal Loans for Self Employed with No Proof of Income: Personal loan for self employed is a ty ...
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