NBFC Vs Micro Financing Institution: Things to Know before Setting Up Finance Company
Non-Banking Financial Company or NBFC refers to a company registered under the [...]
Non-Banking Financial Company or NBFC refers to a company registered under the [...]
Nidhi Companies in India is registered with the objective of cultivating the habit of Thrift and Saving amongst its members with Mutual Benefit thereof. By structure, all these companies....
NBFC-P2P shall maintain a Leverage Ratio not exceeding 2.The aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of 10,00,000/-.
1. An NBFC-P2P shall - act as an intermediary providing an online marketplace or platform to the participants involved in Peer to Peer lending; not raise deposits as defined by .....
Fund transfer between the participants on the Peer to Peer Lending Platform shall be through escrow account mechanisms which will be operated by a trustee. At least two escrow accounts.....
NBFC-P2P shall ensure that the providing of services to a participant, who has applied for availing of such services, is backed by appropriate agreements between the participants....
The executive director at RBI, Sudarshan Sen had said at a recent conference in Mumbai that the regulator was waiting for a gazetted notification from the Government of India....
Micro finance refers to an array of financial services, including loans, savings and insurance, available to poor entrepreneurs and small business owners who have no collateral.....
WHAT IS MICRO-FINANCE BUSINESS ? : Micro finance business is basically a source of financial services for entrepreneurs and small business lacking access to banking and related services...