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Introduction
The Reserve Bank of India often issues master directions and notifications regarding the working of NBFCs. Hence, it helps NBFC adhere to the public interest and safeguards itself when borrowers fail to repay and restore their financial assets in the event of the same.
Thus, it includes the recovery of NPAs, and the…
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Introduction
Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998.
Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other financial…
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Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth.
According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021.
Moreover,…
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To run and execute any business's 5-year plan in its arsenal is as crucial as having a product— it helps teams and investors understand and account for the business’ core idea and prove its metal. However, employing an actionable one takes time, and future uncertainty makes it even harder to…
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NBFCs (non-banking financial companies), unlike other banking institutions they don't adhere to banking regulations but are regulated by Reserve Bank of India and are registered institutes under the companies act 1956 or Companies Act 2013.
In India, there are mainly two kinds of NBFC:
Depositing accepting NBFCs - regulated by RBI Non-deposit…
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Neo banks— online banks, internet-only or no branch banks.
With the catered and personalized customer solutions— In the next five years, the global NeoBank market is recorded to grow at 47.1% and hit a $333.4 billion market size (CAGR).
Along with seamless 24x7 remote services, NeoBanks are easy to set up because…
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What does VCFO stand for? The acronym for Virtual Chief Finance Officers is becoming popular as it provides freedom to hire financial roles with redeemable contracts.
A Virtual CFO assists in day-to-day supervision and management of the finance department and helps in capital raising, lending strategies, and implementation.
Many companies are already…
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Introduction
After the pandemic has derailed the growth in many sectors, NBFCs are still lucrative and surging with their accessible and affordable financial services.
The proactive RBI amendments also have played a significant role in harmonising NBFCs with the rules of the banking sector— making it seamless and safeguarding the customer’s interest.…
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The data speaks for itself! Buy Now, Pay Later (BNPL) solutions are predicted to reach 20527.234 billion Rupees in revenue by 2025, expanding at a rate of 40% annually.
The paying trend gained popularity due to overall spending by consumers who strongly opposed taking on debt during an uncertain economic climate.…
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Before talking about NBFC, Do you remember the economic crisis of 2009? If you do not know, then know that businesses worldwide were stuck due to a lack of finance in this financial crisis. And even the banks that financed these businessmen had to struggle to save themselves.
We know that banks…
The small business units play a significant role in the country’s economy. It is evident that with the presence of these units, the economy expands, and there is an increase in employment. NBFCs have also played a crucial role in increasing the reach of these businesses and improving their performance.
NBFC Licensing is popular among Fintech as it helps them become more sustainable, stable and scalable in this fast-paced and changing industry