This document provides information on non-banking finance companies (NBFCs) in India, including their classification and types. It discusses that NBFCs are divided into three categories based on whether they accept public deposits. It also outlines several types of NBFCs such as asset finance companies, investment companies, loan companies, infrastructure finance companies, and microfinance institutions. The key roles and qualifying criteria for each type are summarized.
NBFC - Non Banking Financial Company/ Non Banking Financial Corporation are companies registered under the Companies Act, 1956
Engaged in the business of
- loans and advances
-acquisition of shares
-stocks
-bonds
-debentures
-securities
but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property
Enterslice help you to Incorporate NBFC Company in india.we also provide software to manage NBFC Business like NBFC Software,NBFC-ND Compilance,Money Changer Compilance,funding in NBFC and takeover of NBFC.
NBFC - Non Banking Financial Company/ Non Banking Financial Corporation are companies registered under the Companies Act, 1956
Engaged in the business of
- loans and advances
-acquisition of shares
-stocks
-bonds
-debentures
-securities
but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property
Enterslice help you to Incorporate NBFC Company in india.we also provide software to manage NBFC Business like NBFC Software,NBFC-ND Compilance,Money Changer Compilance,funding in NBFC and takeover of NBFC.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of Loans , Advances, Acquisition of shares/stock/bonds/debentures/ securities issued by Government or local authority or other securities of like marketable nature, Leasing, Hire-purchase, Insurance business, Chit business.
A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 or 1956 carrying on the business listed under Section 45 I (c ) of the RBI Act, 1934, i.e.
Non Banking Financing Companies PresentationAnkur Aggarwal
Non-bank financial companies ( NBFCs ) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions typically are restricted from taking deposits from the public depending on the jurisdiction. Nonetheless, operations of these institutions are often still covered under a country's banking regulations.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of Loans , Advances, Acquisition of shares/stock/bonds/debentures/ securities issued by Government or local authority or other securities of like marketable nature, Leasing, Hire-purchase, Insurance business, Chit business.
A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 or 1956 carrying on the business listed under Section 45 I (c ) of the RBI Act, 1934, i.e.
Non Banking Financing Companies PresentationAnkur Aggarwal
Non-bank financial companies ( NBFCs ) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions typically are restricted from taking deposits from the public depending on the jurisdiction. Nonetheless, operations of these institutions are often still covered under a country's banking regulations.
In India, there is a total of 10,190 operating non- banking financial companies as at September end 2018. Out of this 10,190, more than 95 per cent (10,082) are non- deposit taking NBFCs.
Non banking financial company- P. SAI PRATHYUSHA (PONDICHERRY UNIVERSITY)SaiLakshmi115
definition # NBFC and its regulation # kinds or types of NBFC and their activities # benefits of NBFC # services provided by NBFC # functions or role of NBFC # NBFC V/s commercial banks
In light of a lot of news relating to sham entities garnering funds through fraudulent investment schemes with promise of huge returns mainly in the name of property development and agriculture, SEBI has in the last few years, intensified its scrutiny of investment structures that raise domestic capital on an unregulated basis. Securities Appellate Tribunal recently passed an order upholding SEBI’s findings against Alchemist Infra Reality Limited. The SAT order along with recent pronouncement by the Supreme Court have probed unregulated investment arrangements to conclude whether or not they constitute CIS, as Schemes are required to be registered with SEBI in pursuance to Securities And Exchange Board Of India (Collective Investment Schemes) Regulations, 1999
Actionable results to enhance Employee satisfaction score analysis via TableauShruti Nigam (CWM, AFP)
Use Tableau for following Analysis:
The management of this organization is concerned about their employees’
satisfaction index and has been constantly measuring the same. They somehow feel
that improving the satisfaction scores shall ensure longevity of their employees
preventing unhealthy attrition.
• Analyze this dataset by finding the key drivers for employee satisfaction scores.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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3. NBFC’s Versus Bank’s
BANKS NBFCS
Definition Banking is acceptance of
deposits withdraw able by
cheque or demand; NBFC
cannot accept demand deposits
NBFC are companies
carrying financial
business
Scope of
business
Scope of business of the bank
is limited by sec 16(1) of BR
Act.
There is no bar on NBFC
carrying activity other
then financial activity.
Major limitation
on Business
No non banking activity are
carried.
Cannot provide checking
facilities.
Foreign
investment
Up to 74% is allowed to private
sector bank
Up to 100% is allowed
Need for a
license
License norms are tightly
controlled and generally it is
perceived to be quite difficult to
get a license for a bank
It is comparatively much
easier to get a
registration as an NBFC.
Regulations Banking Regulation Act and Much lesser control over
4. Categorization of Companies:
For the purpose of the new regulations, NBFCs have been
divided into three broad categories an indicated below:
(a) NBFCs accepting public deposits.
(b) NBFCs not accepting public deposits are engaged in loan,
investment, hire purchase finance and equipment leasing
activities.
(c) NBFCs not accepting public deposits and has acquired
shares/securities in their own group/ holding/subsidiary
companies of not less than 90 percent of their total assets
and are not trading in these shares/securities.
While NBFCs accepting public deposits will be subjected to all
the provisions of the Directors, those which do not accept
public deposits will be supervised in a limited manner.
5. If they are non-deposit taking, ND is
suffixed to their name ( NBFC-ND).
The NBFCs which have asset size of
Rs.100 Crore or more are known as
Systematically Important NBFC. They
have been classified so because they
can have bearing on financial stability
of the country. The Non-deposit
taking NBFCs are denoted as NBFC-
NDSI.
6. Asset Finance Company (AFC) : An AFC is a company
which is a financial institution carrying on as its principal
business the financing of physical assets supporting
productive/economic activity, such as automobiles,
tractors, lathe machines, generator sets, earth moving
and material handling equipments, moving on own power
and general purpose industrial machines.
Investment Company (IC) : IC means any company
which is a financial institution carrying on as its principal
business the acquisition of securities, It is a company
whose main business is holding securities of other
companies purely for investment purposes. The
investment company invests money on behalf of its
shareholders who in turn share in the profits and losses
7. Loan Company (LC) : LC means any company which is
a financial institution carrying on as its principal business
the providing of finance whether by making loans or
advances or otherwise for any activity other than its own
but does not include an Asset Finance Company.
A loan is a type of debt. Like all debt instruments, a loan
entails the redistribution of financial assets over time,
between the lender and the borrower.
8. Infrastructure Finance Company (IFC) : IFC is a non-
banking finance company
a) which deploys at least 75 per cent of its total assets
in infrastructure loans,
b) has a minimum Net Owned Funds of Rs. 300 crore,
c) has a minimum credit rating of ‘A ‘or equivalent
d) and a CRAR(Capital to Risk (Weighted) Assets
Ratio) of 15%.
Infrastructure Debt Fund: Non- Banking Financial
Company (IDF-NBFC) : IDF-NBFC is a company
registered as NBFC to facilitate the flow of long term
debt into infrastructure projects. IDF-NBFC raise
resources through issue of Rupee or Dollar denominated
bonds of minimum 5 year maturity. Only Infrastructure
Finanace Companies (IFC) can sponsor IDF-NBFCs.
9. Systemically Important Core Investment Company
(CIC-ND-SI) : CIC-ND-SI is an NBFC carrying on the business of
acquisition of shares and securities which satisfies the following
conditions:-
a. it holds not less than 90% of its Total Assets in the form of investment
in equity shares, preference shares, debt or loans in group
companies;
b. its investments in the equity shares (including instruments
compulsorily convertible into equity shares within a period not
exceeding 10 years from the date of issue) in group companies
constitutes not less than 60% of its Total Assets;
c. it does not trade in its investments in shares, debt or loans in group
companies except through block sale for the purpose of dilution or
disinvestment;
d. it does not carry on any other financial activity referred to in Section
45I(c) and 45I(f) of the RBI act, 1934 except investment in bank
deposits, money market instruments, government securities, loans to
and investments in debt issuances of group companies or guarantees
issued on behalf of group companies.
10. Non-Banking Financial Company - Micro Finance
Institution (NBFC-MFI): NBFC-MFI is a non-deposit taking
NBFC having not less than 85% of its assets in the nature of
qualifying assets which satisfy the following criteria:
a. loan disbursed by an NBFC-MFI to a borrower with a rural
household annual income not exceeding Rs. 60,000 or urban
and semi-urban household income not exceeding Rs.
1,20,000;
b. loan amount does not exceed Rs. 35,000 in the first cycle and
Rs. 50,000 in subsequent cycles;
c. total indebtedness of the borrower does not exceed Rs.
50,000;
d. tenure of the loan not to be less than 24 months for loan
amount in excess of Rs. 15,000 with prepayment without
penalty;
e. loan to be extended without collateral;
f. aggregate amount of loans, given for income generation, is not
less than 75 per cent of the total loans given by the MFIs;
g. loan is repayable on weekly, fortnightly or monthly instalments
at the choice of the borrower
11. Mutual Benefit Finance Companies
(MBFC's), (NIDHI NOTIFIED)
Nidhis or Mutual Benefit Finance Companies
are one of the oldest forms of non-financial
companies. It is a company structure in which
the company's owners are also its clients.
That is, the mutual company's profits are
distributed to its participating customers each
year in proportion to their individual
exposures to the company.
Many insurance companies are structured as
mutual companies.
12. Some of the important objectives of Nidhis are to
enable the members to save money, to invest their
savings and to secure loans at favorable rates of
interest.
They work on the principles of complete mutuality
of interest and are generally well-managed.
The Government has granted certain concessions
under Section 620A of the Companies Act, 1956.
Primarily regulated by Department of Company
Affairs (DCA) under the directions / guidelines
issued by them under Section 637 A of the
Companies Act, 1956.
The Government of India constituted an Expert
Committee in March 2000 (Chairman: Shri
P.Sabanayagam)
13. Leasing Services :
A lease or tenancy is a contract that transfers the right to
possess specific property. Leasing service includes the
leasing of assets to other companies either on operating
lease or finance lease. An NBFC may obtain license to
commence leasing services subject to , they shall not hold,
deal or trade in real estate business and shall not fix the
period of lease for less than 3 years in the case of any
finance lease agreement except in case of computers and
other IT accessories
Hire Purchase Services :
Hire purchase the legal term for a conditional sale contract
with an intention to finance consumers towards vehicles,
white goods etc. If a buyer cannot afford to pay the price as a
lump sum but can afford to pay a percentage as a deposit, the
contract allows the buyer to hire the goods for a monthly rent.
If the buyer defaults in paying the installments, the owner can
repossess the goods.
Editor's Notes
If they are non-deposit taking, ND is suffixed to their name ( NBFC-ND). The NBFCs which have asset size of Rs.100 Crore or more are known as Systematically Important NBFC. They have been classified so because they can have bearing on financial stability of the country. The Non-deposit taking NBFCs are denoted as NBFC-NDSI.http://www.gktoday.in/blog/types-of-non-banking-financial-companies-nfbc/
Eg. ADITYA BIRLA FINANCE LIMITED , Nabard Financial Services Limited
AFC: Mutual Funds are comes under this category. Most of the financial institutions having their subsidiaries as Asset Management Company like SBI, BOB, UTI, Cisco Systems Capital (India) Pvt.Ltd. , TOYOTA FINANCIAL SERVICES INDIA LIMITED (429 AFCs are registered with RBI)
IC: Mutual Funds are comes under this category. Most of the financial institutions having their subsidiaries as Asset Management Company like ICICI PRUDENTIAL, KOTAK, HDFC ETC
LOAN COMPANY: Types of loans:
Secured : A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral.
Unsecured : Unsecured loans are monetary loans that are not secured against the borrower's assets.
Credit card debt
personal loans
Bank overdrafts
corporate bonds (may be secured or unsecured)
Demand: Demand loans are short term loans that are typical in that they do not have fixed dates for repayment and carry a floating interest rate which varies according to the prime rate. They can be "called" for repayment by the lending institution at any time. Demand loans may be unsecured or secured.
Infrastructure Debt Fund: Eg. INDIA INFRADEBT LIMITED, L & T INFRA DEBT FUND LIMITED, IDFC INFRA DEBT FUND LIMITED.
Eg ADITYA BIRLA FINANCIAL SERVICES LIMITED ,
Eg Idf Financial Services Private Limited ,Nabard Financial Services Limited , SKS MICROFINANCE LIMITED . (69 are registered with RBI)
270 NIDHIS ARE REGD WD RBI.
. First Century Leasing Company Ltd., Sundaram Finance Ltd. is some of the Leasing companies in India. Shriram Transport Finance Corporation
-LEASING EXAMPLES
HP is a different form of credit system among other unsecured consumer credit systems and benefits. Hero Honda Motor Finance Co., Bajaj Auto Finance Company is some of the HP financing companies.