Nbfc

Economy-Industry Analysis Non-Banking Financial Companies Non-bank financial companies (NBFCs) are financial institutions that provide banking serve without meeting the legal definition of a bank, i.e. one that does not hold a banking license. A Non Banking Financial confederation (NBFC) is a confederation registered under the Companies Act, 1956 of India, engaged in the pipeline of loans and advances, science of shares, stock, bond sire- get, insurance business, or chit business: tho does not include any institution whose principal business is that includes agriculture or industrial activity; or the sale, purchase or construction of immovable property. Services Provided Non-bank institutions frequently acts as * suppliers of loans and consultation facilities, * supporting investments in property, * Trading money market instruments * reinforcement private education, * wealth management such as Managing portfolios of stocks and shares and * spread over stock and shares, TFCs and other obligations * retirement planning * Advise companies in merger and acquisition * Prepare feasibility, market or patience studies for companies * Discounting services e.g.

, discounting of instruments However they are typically not allowed to contain deposits from the general public and have to find other pith of funding their operations such as issuing debt instruments. TYPES OF NBFCS Originally, NBFCs registered with RBI were classified as: (i) Equipment leasing company; (ii) Hire-purchase company; (iii) Loan company; (iv) Investment company. However, with effect from December 6, 2006 the higher up NBFCs registered with RBI have been reclassified as (i) Asset Finance Company (AFC) (ii) Investment Company (IC) (iii) Loan Company (LC) REGULATIONS OF NBFCS * In terms of Section 45-IA of the RBI Act, 1934, it is mandatory that every NBFC should be registered with RBI to commence or carry on any... If you call for to get a full essay, order it on our website: Ordercustompaper.com

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