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Navigating the World of Alternate Investment Funds (AIFs)

Bank, Digital Banking, Finance, FinTechAugust 17, 2023303Views 0Likes 0Comments

In the intricate tapestry of the investment world, Alternate Investment Funds (AIFs) stand out as a beacon for diversification and growth. These funds, while relatively new, have become a cornerstone for investors seeking non-traditional avenues. This comprehensive guide, curated by FinGuru, aims to shed light on the nuances of AIFs, their regulatory framework, and their…

Surrendering Your NBFC License: What You Need to Know

Bank, nbfc, UpdatesJune 7, 2023124Views 0Likes 0Comments

A Non-Banking Financial Company (NBFC) is a financial institution that provides financial services but does not accept public deposits and is regulated by the Reserve Bank of India (RBI). In recent years, Non-Banking Financial Companies (NBFCs) have emerged as vital players in the financial landscape, serving as an alternative to traditional banks. These institutions…

Technology Revolutionizing Credit Risk Underwriting in the NBFC Sector

Bank, business loan, Finance, FinTech, Loan, UncategorizedMay 30, 2023108Views 0Likes 0Comments

The NBFC sector has undergone a significant transformation in the lending landscape with the advent of digitalization. Automation has revolutionized various aspects of NBFC operations, such as customer acquisition and verification. However, the credit risk underwriting process, which determines the borrower's creditworthiness, is still heavily reliant on manual assessment in many NBFCs. This manual approach…

NBFC takeover checklist with RBI approval

Bank, nbfc, NBFC TakeoverFebruary 14, 2023255Views 0Likes 0Comments

Introduction With the increasing demand for credit in India, the growth of Non-Banking Financial Companies (NBFCs) is at an all-time high. The registration of NBFCs is a complicated process, so the takeover of an already RBI-registered NBFC has become a preferred way to enter into or expand the company. Since the Reserve Bank of India…

Payment Aggregator Licensing in India

Bank, Digital Banking, FinTechFebruary 6, 2023285Views 0Likes 0Comments

Introduction Updated by the RBI in March 2020 and its released framework regarding payment aggregators' further continuation compliance. The regulator stated that the payment gateways now need to obtain a license and certification from the Payment Card Industry (Data Security Standard/ PCI DSS) to keep their merchant transactions as it is and smooth going. After…

What are PSU banks and the reasons they are rising

Bank, FinanceFebruary 2, 2023181Views 0Likes 0Comments

Public sector banks have been performing quite steadily for quite some time, and the July to September quarter in 2022 vouches for it. These banks have registered unparalleled growth, and their asset quality has improved quite significantly. The stock market also highlights how amazingly PSU banks have been performing. Before we take a look at…

Payment Aggregator and Payment Gateway difference and compliance

Bank, Digital BankingJanuary 31, 2023360Views 0Likes 0Comments

Introduction Around the world, the COVID-19 pandemic has profoundly affected people's comfort levels with digital technology. The 'new normal' of payment reached 70 billion transactions in 2022, which was 44 billion in 2021. This has created opportunities for new entrepreneurs and small businesses. And finding the right method of the payment transaction is a vital…

RBI’s recent notifications: Impacts on NBFCs in 2023

Bank, business loan, Economy, RBI NotificationsDecember 31, 2022407Views 0Likes 0Comments

Introduction As we know, NBFCs are performing an imensive job by providing credit facilities to specific niche sectors, viz., infrastructure and unbanked sections of the economy — thus, driving financial inclusion in India. And the sector has reported a total annual growth of almost 18% over the previous few years and is expected to maintain…

How will digital banking units (DBUs) transform banking in India?

Bank, Digital BankingDecember 30, 2022305Views 0Likes 0Comments

Introduction The Demonization and rise in digital payments paved the way for digital banking units (DBUs) in India, and the RBI’s Digital Payments Index (DPI) has increased to 349.30 in March 2022 from 153.47 in March 2019. Many banks are now prioritizing incorporating DBUs in their overall banking system because it helps them with more…

Are Non-Banking-Financial-Companies-(NBFCs)-New-Bank

Are Non-banking Financial Companies (NBFCs) the New Banks?

Bank, nbfcDecember 29, 2022231Views 0Likes 0Comments

Introduction Why do we need NBFC when we have Banks? Let's take a quick example - Why do we need Jio, Airtel, Idea, and others when we have BSNL? The same goes here. Every bank in India provides specific bundles of financial services, while their primary activity is lending. For example, an individual must submit…

What are Non-banking Financial Institutions, and How do They Work?

Bank, business loan, nbfcDecember 16, 2022158Views 0Likes 0Comments

The financial sector is quite difficult to get a grasp on. Owing to a myriad of sectors that have different norms, it becomes a bit cumbersome to make the right decisions. The laws for banks and NFBCs are quite different. If you have also wondered what non-banking financial institutions are and how they work, this…

How are NBFCs Different from Banks?

Bank, business loan, nbfcDecember 13, 2022232Views 0Likes 0Comments

Banks and non-banking financial institutions are the most vital financial institutions that not only fulfill the financial needs of individuals and businesses but also have a significant impact on the economy. If you have always wondered how non-banking financial companies differ from banks, know that you aren’t alone. NBFCs are way different than a bank…

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Navigating the World of Alternate Investment Funds (AIFs)

Surrendering Your NBFC License: What You Need to Know

Technology Revolutionizing Credit Risk Underwriting in the NBFC Sector

NBFC takeover checklist with RBI approval

Payment Aggregator Licensing in India

What are PSU banks and the reasons they are rising

Payment Aggregator and Payment Gateway difference and compliance

RBI’s recent notifications: Impacts on NBFCs in 2023

How will digital banking units (DBUs) transform banking in India?

Are Non-banking Financial Companies (NBFCs) the New Banks?

What are Non-banking Financial Institutions, and How do They Work?

How are NBFCs Different from Banks?

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