NRIs (Non-resident Indians) will be able to use UPI for processing payments
Inside This Article NRIs (Non-resident Indians) will now be able to use UPI for processing payments. NPCI (National Payments Corporation of India) says that NRIs living in ten countries can now set up UPI on their international mobile numbers. According to the new guidelines, they will now be able to use international mobile numbers for […]
RBI’s recent notifications: Impacts on NBFCs in 2023
Inside This Article 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 […]
What role does VCFO play in a finance company?
This covers: Advisory on Lending Portfolio MIS Reporting Expert Regulatory Advisory Drafting Updating and Responsive to RBI notifications Moreover, a Virtual CFO provides the required tools, support, solutions, and system to build your dream business and delight your clients with bespoke financial solutions. 5. Boosts up profit margins and cash flow A Virtual CFO can […]
Recent developments to improve the NBFC Ecosystem by RBI
Inside This Article 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. […]
