NBFC Compliance NBFCs (Non-Banking Financial Companies) collect deposits, loans, and advances, as well as acquire stocks, shares, and other marketable securities issued by a government/local authority. These businesses are incorporated under the Companies Act of 2013. NBFCs are not banks, although they execute lending operations on par with banks. Just as banks must follow different […]

RBI Permits NBFCs, PSOs Authorization for Aadhaar e-KYC Authentication License RBI has announced that it has solicited applications to get the Aadhaar e-KYC authentication license from NBFCs, payment system providers, and payment system participants. Credit and Financial Offers for MSME: Allowing Non-Banking Financial Companies (NBFCs) and Paid System Operators (PSOs) to get Aadhaar’s Reserve Bank […]

The Beginner’s Guide to NBFC Registration Cancellation You may have recently heard or read that the RBI has canceled the registration of several non-banking financial organizations. If you’ve ever wondered why an NBFC license was revoked or how the RBI went about doing so, this blog will help you understand the process. The number of […]

How NBFCs Impacting Real Estate Sector Growth The real estate sector is evolving and their dependency on the banking sector is decreasing year by year. Non-banking financial companies are providing lucrative and attractive financial solutions to consumers which are resulting profitable for the real estate players. NBFCs provide loans to lower-income group customers and fulfilling […]