In India, most NBFCs fall in the Base layer, and RBI believes that base-layer NBFCs should face lesser compliance. If a deposit NBFC with an asset size less than INR 1,000 crore will fall in the base layer, and above 1000 cores, the asset size will fall in the middle layer and ...
NBFCs: Pioneering the Future of India's Financial Landscape+ Learn More Blog Can NBFCs be self-regulated using Regulatory Reporting?+ Learn More Blog Understanding the RBI's CFSS Mandate for NBFCs+ Learn More Blog The Top 10 NBFCs in India, 2023+ Learn More Blog NBFC Software Features for...
October 20, 2023/0 Comments/in Financial Services, RBI /by Team Finserv –Chirag Agarwal | Executive | finserve@vinodkothari.com Introduction The Reserve Bank of India (“RBI” or “Regulator”) plays a pivotal role in India meeting its anti-money laundering (AML) and combating financing of...
Muthoot Mercantile Limited (MML) was incorporated as a Public Limited Company in the year 1997 and was registered as a Non Banking Finance Company by the Reserve Bank of India in the year 2002. Read More PopularServices Choose the service you are looking for, ...
Recently, in a report published by the RBI, the NBFC’s shares contribution to the Indian economy increased to 29.1% in Feb 2023 from 16.4% in December 2022.NBFCs are at the forefront of financial inclusion within India and work as financial intermediation and have significantly played a ...
It wasreportedthat a digital crop survey will collect data on crops sown across India. The government piloted the Digital Crop Survey in 11 states in 2023-24 to support the Crop Sown Registry and plans to expand it nationwide by 2025-26. In FY 2024-25, the survey aimed to cover 400 dis...