Thinking of an NBFC Takeover? Here’s What You Need to Know
Inside This Article Are you thinking about buying a Non-Banking Financial Company (NBFC)? Before you go ahead, it’s important to know the key things to look at, both in your business plan and in the rules you need to follow. Buying an NBFC can help your business grow and reach more customers. But it also […]
Considering an NBFC Takeover?
Inside This Article Are you contemplating the acquisition of a Non-Banking Financial Company (NBFC)? Before diving in, it’s crucial to understand the strategic considerations and regulatory aspects involved. Here’s a brief overview: ✅ Strategic Considerations: 1️⃣ Business Synergy: Seek alignment with your company’s objectives for enhanced market position and expanded offerings. 2️⃣ Financial Due Diligence: […]
Surrendering Your NBFC License: What You Need to Know
Inside This Article 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. […]
Technology Revolutionizing Credit Risk Underwriting in the NBFC Sector
Inside This Article 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. […]
Why Should NBFCs Start Looking at API Integrations?
Inside This Article Non-Banking Financial Companies (NBFCs) have been crucial in helping large numbers of people whose financial requirements have gone unmet or inadequately met by financial institutions. They have shifted their attention to specialized target consumers with cutting-edge and customized products due to recent regulations and a rise in the cost of lending. The […]
Is maintaining your NBFC license costly? Why it is & Ways to Reduce it
Inside This Article Introduction A non-Banking Financial Company (NBFC) is an entity that is very similar to banks and offers bank-like services. It provides loans and advances, engages in the acquisition of shares/bonds/debentures/etc., and offers services like hire/purchase, leasing, and insurance, among others. According to RBI, an NBFC license is required to commence the aforesaid […]
Different Types of Loans Offered by NBFCs
NBFCs are your go-to option when you need urgent cash to fulfill a myriad of needs. This is particularly true when you are looking for a loan with a not-so-good credit score. NBFCs came into existence in the 1960s in India and soon became a great alternative for individuals and businesses whose needs could not […]
NBFC takeover checklist with RBI approval
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 has […]
Payment Aggregator Licensing in India
Inside This Article 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 […]
What are PSU banks and the reasons they are rising
Inside This Article 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 […]
