Hybrid Classes
We provide offline, online and recorded lectures in the same amount.
Personalised Mentoring
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant
Topicwise Mindmaps
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
Quality Content
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.
Non-Banking Financial Companies About NBFCs NBFCs are Companies registered under the Companies Act, 1956 engaged in giving loans; acquisition of shares, stocks, bonds, debentures & securities issued by Govt or local authorities; leasing higher purchase insurance, and chit fund business. It holds 12.3% of assets in Financial systems. It does not include any institution whose principal business is Agriculture, Industry, buying or selling of goods other than security or providing any services and sale and purchase constitution of immovable properties. A Non-banking institution which is a Company that can receive deposits in any scheme also comes under NBFCs (Deposit taking NBFCs) aka Residuary Non-Banking Company. It is engaged in…
25 June, 2021
NBFC
Non-Banking Financial Companies (NBFC) NBFCs are Companies registered under the Companies Act, 1956 engaged in giving loans; acquisition of shares, stocks, bonds, debentures & securities issued by Govt or local authorities; leasing higher purchase insurance, chit fund business.. It does not include any institution whose principle business is Agriculture, Industry, buying or selling of goods other than security or providing any services and sale and purchase constitution of immovable properties. Both NBFC and Banks can issue Demand Draft and has Deposit insurance. NBFCs can’t issue Cheque book. RBI recently strengthened its hold over NBFCs mainly those engaged in infrastructure, deposit, lending and housing sector. After IL&FS case, Forensic auditing is now mandatory. As…
25 January, 2021
NBFC
RBI Norms for NBFCs A housing finance company is considered a non-banking financial company (NBFC) under the RBI’s regulations. A company is treated as an NBFC if its financial assets are more than 50% of its total assets and income from financial assets is more than 50% of the gross income. RBI has proposed stringent norms for housing finance companies by mandating 75% of their home loans to individual borrowers by 2024. Recently, RBI has proposed the definition of qualifying assets for housing finance companies (HFCs). It defined ‘qualifying assets’ as loans to individuals or a group of individuals, including co-operative societies,…
19 June, 2020
NBFC
Copyright 2023 CLT TECHNOLOGIES AND EDU-PUBLISHERS PRIVATE LIMITED. All rights reserved.
24 × 7 Support : 8287714422
Whatsapp : 8010068998
Email Us: query@aspireias.com
