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12. Can you provide examples of Non-Banking Financial companies and their services? Feb 21, 2024
Non-Banking Financial Company

12. Can You Provide Examples Of Non-Banking Financial Companies And Their Services?

Non-Banking Financial Companies (NBFCs) provide various financial services to individuals and businesses. 1) Bajaj Finance: Consumer finance, personal loans, home loan....

What risks do Non-Banking Financial companies face, and how do they manage them? Feb 20, 2024
Non-Banking Financial Company

What Risks Do Non-Banking Financial Companies Face, And How Do They Manage Them?

Managing Risks Faced by Non-Banking Financial Companies (NBFCs) 1. Credit Risk: Risk: The risk of financial loss arising from the failure of borrowers or counterpar....

Are there tax benefits for Non-Banking Financial companies? Feb 19, 2024
Non-Banking Financial Company

Are There Tax Benefits For Non-Banking Financial Companies?

Tax Benefits for Non-Banking Financial Companies (NBFCs) 1. Corporate Income Tax: NBFCs pay corporate income tax on their taxable income, with the rate depending on fa....

How do Non-Banking Financial companies ensure customer protection and data security? Feb 17, 2024
Non-Banking Financial Company

How Do Non-Banking Financial Companies Ensure Customer Protection And Data Security?

NBFCs' Customer Protection and Data Security Measures 1. Privacy Policies: NBFCs maintain clear privacy policies, communicating how they collect and protect custom....

How do Non-Banking Financial companies promote financial inclusion? Feb 17, 2024
Non-Banking Financial Company

How Do Non-Banking Financial Companies Promote Financial Inclusion?

Role of NBFCs in Promoting Financial Inclusion 1. Serving the Unbanked and Underbanked: NBFCs focus on underserved populations, including rural individuals, low-income....

How do Non-Banking Financial companies assess creditworthiness? Feb 16, 2024
Non-Banking Financial Company

How Do Non-Banking Financial Companies Assess Creditworthiness?

Methods and Factors Used by Non-Banking Financial Companies (NBFCs) to Assess Creditworthiness 1. Credit Score: NBFCs consider the credit score based on credit history....

What's the process to start a Non-Banking Financial Company? Feb 15, 2024
Non-Banking Financial Company

What's The Process To Start A Non-Banking Financial Company?

Starting a Non-Banking Financial Company (NBFC) in India 1. Company Incorporation: Start by incorporating a company under the Companies Act, 2013, opting for a suitabl....

Are there different types of Non-Banking Financial companies, and how do they differ? Feb 14, 2024
Non-Banking Financial Company

Are There Different Types Of Non-Banking Financial Companies, And How Do They Differ?

Yes, there are different types of Non-Banking Financial Companies (NBFCs) 1. Asset Finance Companies (AFCs): Principal Business Activity: Providing finance for the ....

What's the regulatory framework for Non-Banking Financial companies? Feb 13, 2024
Non-Banking Financial Company

What's The Regulatory Framework For Non-Banking Financial Companies?

The Regulatory Framework for Non-Banking Financial Companies (NBFCs) in India In India, the regulatory framework for NBFCs is primarily governed by the Reserve Bank of....

How do Non-Banking Financial companies raise funds for their operations? Feb 12, 2024
Non-Banking Financial Company

How Do Non-Banking Financial Companies Raise Funds For Their Operations?

Strategies for Raising Funds: Non-Banking Financial Companies (NBFCs) 1. Borrowings from Banks and Financial Institutions: NBFCs secure funds through borrowings from b....