Latest News

Annual Compliance of NBFC

Non-banking financial companies (NBFC) are fast developing as a significant segment of Indian financial system. It is an assorted group of organizations (other than commercial and co-operative banks) carrying out financial intermediation in a variety of ways, like accepting deposits, making loans & advances, leasing, hire purchase, etc. They raise funds from the public, directly or indirectly, & lend them to ultimate spenders. They advance loans to the numerous wholesale & retail traders, small-scale industries & self-employed persons. Therefore, they have broadened & diversified the range of products & services offered by a financial sector. Steadily, they are being accepted as corresponding to the banking sector due to their customer-oriented services; simplified procedures; attractive rates of return on deposits; flexibility & timeliness in meeting the credit needs of specified sectors; etc.

Related Posts

How to Change the Name of NBFC

The name of the company may be such which reflects the business activity or it might be something simple &

Read More

Process of dividend declaration by NBFC

Dividend can be declared to both equity and preference shareholders and they are classified into three categories and is distributed

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *