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Non-Banking Financial Companies

New NBFCs asked to offer factoring services

 New NBFCs asked to offer factoring services. According to the General Manager of Small Industries Development Bank of India (SIDBI), Mr Mr K.I. Mani, new Non-Banking Finance Companies (NBFCs) should register themselves with the Reserve Bank of India (RBI) to offer factoring activities. Speaking at a seminar on factoring, its potential and opportunity, in Hyderabad on […] Continue reading →

Non-Banking Financial Companies (NBFCs)

 Non-Banking Financial Companies (NBFCs) are fast emerging as an important segment of Indian Financial System. It is an heterogeneous group of institutions other than commercial and co-operative banks performing financial intermediation in a variety of ways,like accepting deposits, making loans and advances,leasing, hire purchases etc. NBFCs raise funds from the public directly or indirectly and […] Continue reading →