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RBI notifies final guidelines on bad loans for NBFCs
Mumbai, Mar 21 (PTI) The Reserve Bank today came out with final guidelines for the non-banking finance companies (NBFCs) with regard to the early detection and recovery of bad loans. The guidelines will be effective from ...
A quick look at financial entities not regulated by the RBI
While banks and non banking finance companies are regulated by the Reserve Bank of India, there are several financial entities that are not regulated by the Reserve Bank of India. These include merchant banking companies, nidhis, housing finance companies, chit ...
Fixed depositors may turn to bond funds and rated corporate deposits
Amidst falling fixed deposit rates of banks, investors may now start parking their funds in dynamic bond funds or fixed deposits of high-rated corporates and non-banking finance companies (NBFCs) to secure a better rate of return, said financial planning analysts.Analysts said ...
Fixed Depositors Turn Bond Funds Rated C
What are the different types of NBFCs?
NBFCscan be categorised broadly as follows: i. Asset Finance Company (AFC) : An AFC is a company which is a financial institution carrying on as its principal business the financing of physical assets supporting productive/economic activity, such as automobiles, tractors, ...
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