Nbfc
•
0 likes•60 views
This document discusses non-banking financial institutions (NBFCs) in India. It notes that NBFCs are regulated by the Reserve Bank of India and provide various financial services like loans, savings products, and money transfers. NBFCs are divided into three categories: asset companies, loan companies, and investment companies. The document then compares NBFCs to banks, outlines the roles of NBFCs, and discusses the regulatory framework for NBFCs in India established by the Reserve Bank of India.
Report
Share
Report
Share
Download to read offline
Recommended
Project about banking
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
Bank Negara Malaysia
The document provides an overview of the functions and operations of Bank Negara Malaysia (BNM), the central bank of Malaysia. It discusses BNM's establishment in 1959 due to the need to manage Malaysia's money and credit situation. The key objectives and functions of BNM include issuing currency, maintaining monetary stability, influencing credit situations, and supervising banking institutions. BNM implements various monetary policy tools such as interest rates, reserve requirements, and open market operations to regulate money supply and credit. It also acts as the government's banker and financial advisor.
NON - BANKING FINANCIAL COMPANIES IN INDIA & IT'S LEGAL FRAMEWORK
What is a Non-Banking Financial Company (NBFC)?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business 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. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).
Banking law (amendment) bill 2012
The document discusses the proposed amendments to the Banking Regulation Act of 1949 in India, which has not been amended in over 60 years. Some of the major changes proposed include:
1) Allowing new banking licenses to be issued and attracting more foreign investment in the banking sector.
2) Giving the Reserve Bank of India (RBI) more effective control over banks by increasing penalties, and more flexibility in managing liquidity and inflation.
3) Empowering the RBI to remove entire boards of directors if they are working against depositors' interests, and to inspect associated enterprises' accounts.
However, an initial clause giving the RBI sole control over bank mergers and acquisitions
Different types of financial institutions
The presentation gives an overview of difference between Commercial Banks, NBFC, Small Finance Banks and Cooperative Banks
History of philippine banking ( and kinds of checks )
The history of Philippine banking began with Obras Pias, a charity foundation run by friars that became the first banking institution. Some of the earliest banks that emerged in the 19th century included Rodriguez Bank, which functioned more as a loan association, and British-Orient Bank, which expanded Philippine-European trade. HSBC established a branch in Manila in 1872. Monte de Piedad was the first mutual savings bank established in 1882 to serve the poor. The Bangko Sentral ng Pilipinas was established as the central bank of the Philippines in 1949.
Business finance by lawrence mandocdoc
The document summarizes the evolution of the Philippine financial system from Spanish colonial period to present. It outlines the major milestones and periods of development, including the establishment of the first banks in the 1800s, growth during the American period, restructuring post-World War 2, and creation of the central bank Bangko Sentral ng Pilipinas in 1993 to modernize monetary policy. Key reforms have aimed to strengthen regulation and encourage universal banking.
Non banking financial company
Non-banking financial companies (NBFCs) are financial institutions registered under the Companies Act and engaged in lending and investment activities. The document discusses the history and regulation of NBFCs in India. It outlines the various types of NBFCs and their roles in providing credit to sectors underserved by banks. While NBFCs cannot accept demand deposits like banks, they play an important role in developing industries and financing first-time buyers. The Reserve Bank of India regulates NBFC registration and prudential norms in India.
Recommended
Project about banking
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
Bank Negara Malaysia
The document provides an overview of the functions and operations of Bank Negara Malaysia (BNM), the central bank of Malaysia. It discusses BNM's establishment in 1959 due to the need to manage Malaysia's money and credit situation. The key objectives and functions of BNM include issuing currency, maintaining monetary stability, influencing credit situations, and supervising banking institutions. BNM implements various monetary policy tools such as interest rates, reserve requirements, and open market operations to regulate money supply and credit. It also acts as the government's banker and financial advisor.
NON - BANKING FINANCIAL COMPANIES IN INDIA & IT'S LEGAL FRAMEWORK
What is a Non-Banking Financial Company (NBFC)?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business 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. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).
Banking law (amendment) bill 2012
The document discusses the proposed amendments to the Banking Regulation Act of 1949 in India, which has not been amended in over 60 years. Some of the major changes proposed include:
1) Allowing new banking licenses to be issued and attracting more foreign investment in the banking sector.
2) Giving the Reserve Bank of India (RBI) more effective control over banks by increasing penalties, and more flexibility in managing liquidity and inflation.
3) Empowering the RBI to remove entire boards of directors if they are working against depositors' interests, and to inspect associated enterprises' accounts.
However, an initial clause giving the RBI sole control over bank mergers and acquisitions
Different types of financial institutions
The presentation gives an overview of difference between Commercial Banks, NBFC, Small Finance Banks and Cooperative Banks
History of philippine banking ( and kinds of checks )
The history of Philippine banking began with Obras Pias, a charity foundation run by friars that became the first banking institution. Some of the earliest banks that emerged in the 19th century included Rodriguez Bank, which functioned more as a loan association, and British-Orient Bank, which expanded Philippine-European trade. HSBC established a branch in Manila in 1872. Monte de Piedad was the first mutual savings bank established in 1882 to serve the poor. The Bangko Sentral ng Pilipinas was established as the central bank of the Philippines in 1949.
Business finance by lawrence mandocdoc
The document summarizes the evolution of the Philippine financial system from Spanish colonial period to present. It outlines the major milestones and periods of development, including the establishment of the first banks in the 1800s, growth during the American period, restructuring post-World War 2, and creation of the central bank Bangko Sentral ng Pilipinas in 1993 to modernize monetary policy. Key reforms have aimed to strengthen regulation and encourage universal banking.
Non banking financial company
Non-banking financial companies (NBFCs) are financial institutions registered under the Companies Act and engaged in lending and investment activities. The document discusses the history and regulation of NBFCs in India. It outlines the various types of NBFCs and their roles in providing credit to sectors underserved by banks. While NBFCs cannot accept demand deposits like banks, they play an important role in developing industries and financing first-time buyers. The Reserve Bank of India regulates NBFC registration and prudential norms in India.
Unni.pps
This presentation summarizes the main functions of the Reserve Bank of India (RBI). It discusses that RBI was established in 1935 as India's central bank. The key functions of RBI include issuing currency, acting as the government's bank and banker to banks, regulating the country's financial system, managing foreign exchange, implementing monetary policy, and promoting financial inclusion through various developmental initiatives. The presentation provides details on RBI's role in each of these functional areas.
banking regulation act
This document provides definitions and summaries of key terms and sections from the Banking Regulation Act of 1949. It defines what constitutes banking business in India and what activities banks are and are not allowed to conduct. Some key points include:
1. Section 5 defines a banking company as one that transacts banking business in India, which includes accepting deposits that are repayable on demand and allowing withdrawals by cheque.
2. Banking policy refers to policies set by the Reserve Bank of India to ensure minority stability, sound economic growth, and the interests of depositors.
3. The act prohibits banks from carrying out trading activities and holding immovable property for over 7 years. It also restricts the employment of managing agents
Banks
This document summarizes the banking system in the Philippines. It outlines the different types of banks including universal banks, commercial banks, and thrift banks. It identifies that universal banks have the powers of commercial banks plus investment powers. It then lists the major government-owned and privately-owned universal banks, providing brief descriptions and background information on each one. In closing, it states that the Philippines has a comprehensive banking system with various bank types regulated by Bangko Sentral ng Pilipinas, the country's central bank.
Reserve bank of india
The Reserve Bank of India (RBI) has functioned as India's central bank since 1935. It was originally a private institution but became state-owned in 1949. As central bank, the RBI regulates the country's monetary policy and financial system, manages foreign exchange, issues currency, promotes agricultural and rural development, acts as banker to the government and banks, and works to achieve price stability and economic growth.
Financial System In Malaysia
The banking system in Malaysia consists primarily of commercial banks and is regulated by Bank Negara Malaysia (BNM), the central bank. BNM is responsible for monetary policy and the supervision of financial institutions. Commercial banks accept deposits and offer loans. Investment/merchant banks specialize in areas like corporate finance and advisory services. Islamic banks provide sharia-compliant banking services. Labuan International Business and Financial Centre (IBFC) and International Currency Business Units (ICBU) allow qualified entities to conduct financial activities in foreign currencies. Non-bank financial institutions include provident and pension funds, insurance companies, pawnshops and development finance institutions that support strategic sectors.
Banking Law (Reserve Bank of India)
The document summarizes the Banking Laws (Amendment) Act of 2012 in India. The Act aims to strengthen regulatory powers of the Reserve Bank of India (RBI) and further develop the banking sector. Key changes include allowing nationalized banks to raise capital through stock issues without authorization limits, and increased oversight powers for RBI including superseding bank boards if needed to protect depositor interests. The Act also establishes a Depositor Education and Awareness Fund and requires RBI approval for acquiring over 5% ownership of a bank.
Banking regulation act,1949
about banking regulation act for study of the banking industries in India. It is useful for the student who are studying in money or banking fields.
Private external debt
This document provides an overview of a project on private external debt. It outlines the topics to be covered by different members of the group. Ishita will discuss what private external debt is, its relationship to foreign direct investment, and its relationship to public external debt. Varun Vaish will cover external commercial borrowings and ECB regulations. Varun Singh will present a case study on regulatory enforcement of ECB guidelines. Bhushan will discuss the impact of defaulting on private external debt repayment. Puneeth will provide an introduction. The document provides background on private external debt and outlines the scheme for dividing coverage of the topic among group members.
Bare Act- The Reserve Bank of India Act, 1934
The Reserve Bank of India Act of 1934 established and incorporated the Reserve Bank of India to regulate the issue of bank notes and maintain monetary stability in India. The Act outlines the capital, management, and business operations of the Reserve Bank. It assigns the Bank various central banking functions including the right to issue bank notes, transact government business, determine banking policy, and regulate non-banking financial institutions. The Act has since been amended several times to update the Bank's powers and operations.
BANKING SECTOR IN INDIA
The document discusses the banking sector in India. It outlines the different types of banks in India including scheduled commercial banks, public sector banks, private sector banks, foreign banks, regional rural banks, and scheduled cooperative banks. Some of the largest banks in India are mentioned like State Bank of India, Bank of Baroda, and HDFC Bank. The banking sector is important for economic development, capital formation, and raising standards of living. The sector is expected to grow due to increasing demand, innovation in services, strong business fundamentals, and policy support.
Banking regulation-act-1949
The document summarizes key aspects of the Banking Regulation Act of 1949 in India. It defines banking as accepting deposits from the public that are repayable on demand. The main objectives of the Act are to ensure sound banking through regulation of branch openings and liquid asset maintenance. It prohibits banks from engaging in trade and allows the Reserve Bank of India to regulate advances, inspect banks, and wind up banks not operating in depositors' interests. At least 51% of bank directors must have expertise in areas like accountancy, banking, or law. The Chairman must be a full-time employee and cannot hold the position for more than 5 years.
Banking and finance laws
The document discusses several key banking and finance laws in India. It provides an overview of the objectives and importance of studying banking and finance laws in India. It then summarizes some of the major laws administered by the Department of Financial Services, including the Negotiable Instruments Act of 1881, the Reserve Bank of India Act of 1934, the Banking Regulation Act of 1949, the Deposit Insurance and Credit Guarantee Corporation Act of 1961, and the Sick Industrial Companies Act of 1985. The document outlines the purpose and some key aspects of these important banking and finance laws in India.
Banking in the philippines (Sarah Olivarez-Cruz)
There are over 758 banks operating in the Philippines which are supervised by the Bangko Sentral ng Pilipinas (BSP) and Philippine Deposit Insurance Corporation (PDIC). Several banks were recently placed under receivership due to financial issues. Philippine banks are utilizing various technologies today like microfinance, mobile banking, bancassurance, and retail wealth management. In 2011, Philippine banks saw high earnings, steady asset expansion, strong credit growth, improving loan quality, a growing deposit base, ample liquidity, and remained well capitalized above regulatory standards.
1d943 Important Acts Of Banking
The document discusses key acts and institutions relating to banking regulation and structure in India. It provides an overview of important acts governing banking, financial institutions, the structure of the Indian banking system including public and private sector banks, cooperative banks and rural banks. It also summarizes the different approaches under Basel II for calculating operational risk capital charges for banks.
Banking regulation act 1949 (1)
This document is the Banking Regulation Act of 1949 which establishes the regulatory framework for banking in India. Some key points:
- It gives the Central Government and Reserve Bank of India oversight over banking operations.
- It defines terms related to banking such as "banking company", "demand liabilities", "time liabilities", and establishes the regulatory powers and authorities.
- It allows the Central Government and RBI to suspend parts of the Act during emergencies or if deemed necessary for financial stability.
Non bank financial institution
Non-banking financial companies (NBFCs) provide financial services like banks but do not have a full banking license. In India, NBFCs account for 8% of the financial sector. They provide important functions like financial intermediation between savers and borrowers, inducing savings, promoting growth, and adding stability. The main types of NBFCs in India are insurance companies, mutual funds, market makers, specialized lenders, and financial service providers. The top 10 NBFCs are led by HDFC and include companies focused on sectors like infrastructure, rural electricity, transportation finance, and microfinance. NBFCs offer services such as equipment leasing, housing finance, asset management, and venture capital financing.
Br act 1949
The Banking Regulation Act of 1949 was introduced to regulate banks in India through separate legislation, as previously banks were controlled by the Indian Companies Act. Key provisions of the Act include defining banking and forms of business, capital requirements, management structure, liquidity requirements, licensing of new banks, and powers granted to the Reserve Bank of India to supervise banks. The Act aimed to establish a framework to promote a sound and healthy banking system in the country.
Banking regulation act,1949
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
Banking notes
The document provides information on Non-Banking Financial Companies (NBFCs) in India. It defines NBFCs as non-banking companies that are principally engaged in financial services like loans, acquisitions, leasing etc. NBFCs are regulated by the Reserve Bank of India and are categorized based on their activities. The key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques. The document also lists and describes various types of NBFCs registered with RBI.
BANKING PRINCIPLES & PRACTICES PPT.pptx
The document summarizes the history of banking in India from the establishment of the earliest Indian bank in 1870 to the modern structure and regulation of the Indian financial system. It discusses the key events and institutions that shaped the development of banking in India, including the establishment of the Reserve Bank of India in 1934 and its nationalization in 1949. The summary also outlines the roles and functions of various public and private banks as well as other financial institutions that make up India's current financial system.
BANKING PRINCIPLES & PRACTICES PPT.pptx
The document provides a history of banking in India from the establishment of the earliest banks in the late 19th century through nationalization efforts in the 20th century. It discusses key events and institutions including:
1) The establishment of early presidency banks in the 1870s which laid the foundations for modern banking. These were later amalgamated into the Imperial Bank of India in 1921.
2) The passage of the Reserve Bank of India Act in 1934 which established RBI as the central bank and the Banking Regulation Act of 1949 which brought banks under greater government control and empowered RBI for regulation and supervision.
3) The nationalization of the State Bank of India in 1955 and additional nationalization efforts of 14
Thghjgjyjgjgjtjgjyugyyutyhtyuuuuuutyuyuuyyuyy
This document provides an overview of the financial system and banking in India. It discusses the key regulators such as RBI, SEBI and IRDA. It describes the various segments of the financial system including financial institutions, markets and products. It also summarizes the major acts governing banking - the Banking Regulation Act and RBI Act. Furthermore, it outlines the different types of banks operating in India and the major functions performed by banks.
More Related Content
What's hot
Unni.pps
This presentation summarizes the main functions of the Reserve Bank of India (RBI). It discusses that RBI was established in 1935 as India's central bank. The key functions of RBI include issuing currency, acting as the government's bank and banker to banks, regulating the country's financial system, managing foreign exchange, implementing monetary policy, and promoting financial inclusion through various developmental initiatives. The presentation provides details on RBI's role in each of these functional areas.
banking regulation act
This document provides definitions and summaries of key terms and sections from the Banking Regulation Act of 1949. It defines what constitutes banking business in India and what activities banks are and are not allowed to conduct. Some key points include:
1. Section 5 defines a banking company as one that transacts banking business in India, which includes accepting deposits that are repayable on demand and allowing withdrawals by cheque.
2. Banking policy refers to policies set by the Reserve Bank of India to ensure minority stability, sound economic growth, and the interests of depositors.
3. The act prohibits banks from carrying out trading activities and holding immovable property for over 7 years. It also restricts the employment of managing agents
Banks
This document summarizes the banking system in the Philippines. It outlines the different types of banks including universal banks, commercial banks, and thrift banks. It identifies that universal banks have the powers of commercial banks plus investment powers. It then lists the major government-owned and privately-owned universal banks, providing brief descriptions and background information on each one. In closing, it states that the Philippines has a comprehensive banking system with various bank types regulated by Bangko Sentral ng Pilipinas, the country's central bank.
Reserve bank of india
The Reserve Bank of India (RBI) has functioned as India's central bank since 1935. It was originally a private institution but became state-owned in 1949. As central bank, the RBI regulates the country's monetary policy and financial system, manages foreign exchange, issues currency, promotes agricultural and rural development, acts as banker to the government and banks, and works to achieve price stability and economic growth.
Financial System In Malaysia
The banking system in Malaysia consists primarily of commercial banks and is regulated by Bank Negara Malaysia (BNM), the central bank. BNM is responsible for monetary policy and the supervision of financial institutions. Commercial banks accept deposits and offer loans. Investment/merchant banks specialize in areas like corporate finance and advisory services. Islamic banks provide sharia-compliant banking services. Labuan International Business and Financial Centre (IBFC) and International Currency Business Units (ICBU) allow qualified entities to conduct financial activities in foreign currencies. Non-bank financial institutions include provident and pension funds, insurance companies, pawnshops and development finance institutions that support strategic sectors.
Banking Law (Reserve Bank of India)
The document summarizes the Banking Laws (Amendment) Act of 2012 in India. The Act aims to strengthen regulatory powers of the Reserve Bank of India (RBI) and further develop the banking sector. Key changes include allowing nationalized banks to raise capital through stock issues without authorization limits, and increased oversight powers for RBI including superseding bank boards if needed to protect depositor interests. The Act also establishes a Depositor Education and Awareness Fund and requires RBI approval for acquiring over 5% ownership of a bank.
Banking regulation act,1949
about banking regulation act for study of the banking industries in India. It is useful for the student who are studying in money or banking fields.
Private external debt
This document provides an overview of a project on private external debt. It outlines the topics to be covered by different members of the group. Ishita will discuss what private external debt is, its relationship to foreign direct investment, and its relationship to public external debt. Varun Vaish will cover external commercial borrowings and ECB regulations. Varun Singh will present a case study on regulatory enforcement of ECB guidelines. Bhushan will discuss the impact of defaulting on private external debt repayment. Puneeth will provide an introduction. The document provides background on private external debt and outlines the scheme for dividing coverage of the topic among group members.
Bare Act- The Reserve Bank of India Act, 1934
The Reserve Bank of India Act of 1934 established and incorporated the Reserve Bank of India to regulate the issue of bank notes and maintain monetary stability in India. The Act outlines the capital, management, and business operations of the Reserve Bank. It assigns the Bank various central banking functions including the right to issue bank notes, transact government business, determine banking policy, and regulate non-banking financial institutions. The Act has since been amended several times to update the Bank's powers and operations.
BANKING SECTOR IN INDIA
The document discusses the banking sector in India. It outlines the different types of banks in India including scheduled commercial banks, public sector banks, private sector banks, foreign banks, regional rural banks, and scheduled cooperative banks. Some of the largest banks in India are mentioned like State Bank of India, Bank of Baroda, and HDFC Bank. The banking sector is important for economic development, capital formation, and raising standards of living. The sector is expected to grow due to increasing demand, innovation in services, strong business fundamentals, and policy support.
Banking regulation-act-1949
The document summarizes key aspects of the Banking Regulation Act of 1949 in India. It defines banking as accepting deposits from the public that are repayable on demand. The main objectives of the Act are to ensure sound banking through regulation of branch openings and liquid asset maintenance. It prohibits banks from engaging in trade and allows the Reserve Bank of India to regulate advances, inspect banks, and wind up banks not operating in depositors' interests. At least 51% of bank directors must have expertise in areas like accountancy, banking, or law. The Chairman must be a full-time employee and cannot hold the position for more than 5 years.
Banking and finance laws
The document discusses several key banking and finance laws in India. It provides an overview of the objectives and importance of studying banking and finance laws in India. It then summarizes some of the major laws administered by the Department of Financial Services, including the Negotiable Instruments Act of 1881, the Reserve Bank of India Act of 1934, the Banking Regulation Act of 1949, the Deposit Insurance and Credit Guarantee Corporation Act of 1961, and the Sick Industrial Companies Act of 1985. The document outlines the purpose and some key aspects of these important banking and finance laws in India.
Banking in the philippines (Sarah Olivarez-Cruz)
There are over 758 banks operating in the Philippines which are supervised by the Bangko Sentral ng Pilipinas (BSP) and Philippine Deposit Insurance Corporation (PDIC). Several banks were recently placed under receivership due to financial issues. Philippine banks are utilizing various technologies today like microfinance, mobile banking, bancassurance, and retail wealth management. In 2011, Philippine banks saw high earnings, steady asset expansion, strong credit growth, improving loan quality, a growing deposit base, ample liquidity, and remained well capitalized above regulatory standards.
1d943 Important Acts Of Banking
The document discusses key acts and institutions relating to banking regulation and structure in India. It provides an overview of important acts governing banking, financial institutions, the structure of the Indian banking system including public and private sector banks, cooperative banks and rural banks. It also summarizes the different approaches under Basel II for calculating operational risk capital charges for banks.
Banking regulation act 1949 (1)
This document is the Banking Regulation Act of 1949 which establishes the regulatory framework for banking in India. Some key points:
- It gives the Central Government and Reserve Bank of India oversight over banking operations.
- It defines terms related to banking such as "banking company", "demand liabilities", "time liabilities", and establishes the regulatory powers and authorities.
- It allows the Central Government and RBI to suspend parts of the Act during emergencies or if deemed necessary for financial stability.
Non bank financial institution
Non-banking financial companies (NBFCs) provide financial services like banks but do not have a full banking license. In India, NBFCs account for 8% of the financial sector. They provide important functions like financial intermediation between savers and borrowers, inducing savings, promoting growth, and adding stability. The main types of NBFCs in India are insurance companies, mutual funds, market makers, specialized lenders, and financial service providers. The top 10 NBFCs are led by HDFC and include companies focused on sectors like infrastructure, rural electricity, transportation finance, and microfinance. NBFCs offer services such as equipment leasing, housing finance, asset management, and venture capital financing.
Br act 1949
The Banking Regulation Act of 1949 was introduced to regulate banks in India through separate legislation, as previously banks were controlled by the Indian Companies Act. Key provisions of the Act include defining banking and forms of business, capital requirements, management structure, liquidity requirements, licensing of new banks, and powers granted to the Reserve Bank of India to supervise banks. The Act aimed to establish a framework to promote a sound and healthy banking system in the country.
Banking regulation act,1949
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
What's hot (18)
Similar to Nbfc
Banking notes
The document provides information on Non-Banking Financial Companies (NBFCs) in India. It defines NBFCs as non-banking companies that are principally engaged in financial services like loans, acquisitions, leasing etc. NBFCs are regulated by the Reserve Bank of India and are categorized based on their activities. The key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques. The document also lists and describes various types of NBFCs registered with RBI.
BANKING PRINCIPLES & PRACTICES PPT.pptx
The document summarizes the history of banking in India from the establishment of the earliest Indian bank in 1870 to the modern structure and regulation of the Indian financial system. It discusses the key events and institutions that shaped the development of banking in India, including the establishment of the Reserve Bank of India in 1934 and its nationalization in 1949. The summary also outlines the roles and functions of various public and private banks as well as other financial institutions that make up India's current financial system.
BANKING PRINCIPLES & PRACTICES PPT.pptx
The document provides a history of banking in India from the establishment of the earliest banks in the late 19th century through nationalization efforts in the 20th century. It discusses key events and institutions including:
1) The establishment of early presidency banks in the 1870s which laid the foundations for modern banking. These were later amalgamated into the Imperial Bank of India in 1921.
2) The passage of the Reserve Bank of India Act in 1934 which established RBI as the central bank and the Banking Regulation Act of 1949 which brought banks under greater government control and empowered RBI for regulation and supervision.
3) The nationalization of the State Bank of India in 1955 and additional nationalization efforts of 14
Thghjgjyjgjgjtjgjyugyyutyhtyuuuuuutyuyuuyyuyy
This document provides an overview of the financial system and banking in India. It discusses the key regulators such as RBI, SEBI and IRDA. It describes the various segments of the financial system including financial institutions, markets and products. It also summarizes the major acts governing banking - the Banking Regulation Act and RBI Act. Furthermore, it outlines the different types of banks operating in India and the major functions performed by banks.
Effectiveness of training @ canara bank project report
The document provides an overview of Canara Bank, a leading public sector bank in India established in 1906. It discusses the bank's financial performance over the last two years, achieving the highest net profit among nationalized banks in 2004 and 2005. The report also describes a study conducted on the bank's training programs, finding that the programs were successful and met respondents' needs and expectations. It provides suggestions such as introducing more marketing and product awareness programs.
Financial environment 3
The document provides information on India's financial environment and financial institutions. It discusses key components of the financial environment including financial managers, markets, and investors. It then describes various types of short, medium, and long term financing. Finally, it outlines several important financial institutions in India and their roles, including the Reserve Bank of India, commercial banks, ICICI, IDBI, EXIM Bank, SIDBI, and NABARD.
Indian financial system
The document discusses the Indian financial system. It begins by defining a financial system and its key components. The Indian financial system consists of both a formal and informal sector. The formal sector is regulated and includes institutions like banks, financial markets, instruments, and services. It is overseen by regulatory bodies like RBI, SEBI, and IRDA. The financial system has evolved over phases from a private system pre-1951 to a public sector model from 1951-1990 and greater privatization and globalization today. The system plays an important role in allocating resources and facilitating economic development.
19403sm cal finalnew_cp20
The document provides an overview of the Banking Regulation Act of 1949 and its provisions. Some key points:
1) The Act was enacted to safeguard depositors' interests and control bank personnel abuse, promoting the Indian economy's interests.
2) It introduced requirements for bank management qualifications and independence, and prohibited loans to directors.
3) The 1968 Social Control Act and 1969/1980 nationalization acts further expanded government control of banks.
4) The Act regulates bank licensing, branches, reserves, assets, portfolio ratios, and winding up proceedings. It applies to nationalized, private, cooperative banks and establishes general banking powers and oversight.
Non-Banking Financial Companies & MICROFINANCE Unite Wise
This document provides an overview of non-banking financial companies (NBFCs) and microfinance in India. It discusses the evolution of NBFCs and microfinance in India from traditional money lenders and chit funds to the establishment of regulatory bodies like RBI and SEBI. Key committees that shaped regulations for NBFCs are highlighted. NBFCs are classified into different categories and their permitted activities including fund based activities like lending are described at a high level.
Final r
The document provides an overview of the Indian banking system and Canara Bank. It discusses the history and evolution of banking in India through various phases from 1950s to present day. It describes the key entities that make up the Indian banking structure including the Reserve Bank of India, commercial banks, cooperative banks, and foreign banks. It then profiles Canara Bank, outlining its founding in 1906, growth after nationalization in 1969, expansion across India, and focus on customer service and rural development in line with its founding principles.
Module 1 Banking Regulations.ppt
This document provides an overview of banking laws and regulations in India. It discusses key acts that govern banking, including the Reserve Bank of India Act of 1934 and the Banking Regulation Act of 1949. It also outlines the regulatory bodies that oversee different segments of the financial sector, such as the Reserve Bank of India, Securities and Exchange Board of India, and Insurance Regulatory and Development Authority. Additionally, it covers various types of banks and financial institutions in India as well as priority sectors, credit policies, and risk management practices in banking.
MERCHANT BANKING by myself.pptx
Merchant banking originated in 13th century Europe when family firms engaged in trade also took part in banking activities like financing trade and wars. In India, merchant banking services began in 1967 and were primarily focused on securities issuance rather than full banking services. The Securities and Exchange Board of India (SEBI) regulates merchant banking and sets capitalization requirements. Merchant bankers play important roles like raising finance, providing advisory services, managing portfolios, and assisting with restructuring sick companies. The industry has grown with the establishment of specialized subsidiaries, rating agencies, and other organizations.
Overview of IFS
The document provides an overview of the Indian financial system. It discusses that the Indian financial system consists of both formal and informal sectors. The formal sector is regulated and caters to modern economic needs, while the informal sector is unregulated and deals with traditional, rural activities. The key components of the formal system are regulators like RBI and SEBI, financial institutions, instruments, markets, and services. The document then outlines the evolution of the Indian financial system from the pre-1951 private sector era to the current period of globalization.
Overview of Indian Financial system
The document provides an overview of the Indian financial system. It discusses that the Indian financial system consists of both formal and informal sectors. The formal sector is regulated and caters to modern economic needs, while the informal sector is unregulated and deals with traditional, rural activities. The key components of the formal system are regulators like RBI and SEBI, financial institutions, instruments, markets, and services. The document then outlines the evolution of the Indian financial system from the pre-1951 private sector era to the current period of globalization.
Banking system
This document provides an overview of banking and banking law in India. It defines banking as accepting deposits from the public for lending or investment. It describes different types of banking systems and notes that banking is regulated through legislation like the Banking Regulation Act of 1949. The Act establishes the framework for banking business and regulations. It also discusses the role of the Reserve Bank of India and how banks support economic development through activities like financing agriculture, trade, and industry.
Indian Financial System
The document summarizes the financial system in India. It discusses the various components of the Indian financial system including banking, insurance, capital markets, and regulatory authorities. It notes that the Reserve Bank of India acts as the central bank and regulates the banking sector, foreign exchange, and payment systems. It also discusses the roles and functions of financial institutions and markets in facilitating the flow of funds from surplus to deficit areas. The reforms of the financial system in the 1990s aimed to make the system more competitive, transparent, and resilient by increasing privatization, deregulation, and improving regulations.
Non banking financial corporation
NBFCs provide important financial services like lending and investing. They help drive economic development by creating employment, supplying long-term credit for infrastructure and commerce, mobilizing funds, strengthening financial markets, and contributing to growth in national income and GDP. However, NBFCs have some restrictions compared to banks like not accepting demand deposits or issuing cheques.
Overview of the banking regulation act etc
The document provides an overview of key banking laws and regulations in India, including the Banking Regulation Act of 1949. It discusses the history and objectives of the Act, as well as some important amendments over time. The Act aims to safeguard depositors and control bank personnel while promoting the interests of the Indian economy. It establishes requirements for banks regarding minimum capital, licensing, branch operations, reserves, and more. The Act applies to nationalized, non-nationalized, and cooperative banks operating in India.
Financial instituitions ,types and services
The document summarizes various financial institutions that provide non-banking financial services in India. It discusses Non-Banking Financial Companies (NBFCs), their types and operations. It also describes several development financial institutions established by the Government of India and state governments to promote industrialization, such as Industrial Finance Corporation of India (IFCI), State Financial Corporations (SFCs), Industrial Reconstruction Bank of India (IRBI), State Industrial Development Corporations (SIDCs), and Small Industries Development Bank of India (SIDBI). These institutions provide financial assistance in the form of loans, guarantees, underwriting and other services to small, medium and large industrial sectors.
BANK MANAGEMENT
This document provides an overview of the banking system in India. It defines a bank, outlines the key functions of banks which include accepting deposits and lending loans. It then describes the broad classification of banks in India, including scheduled banks, non-scheduled banks, commercial banks, co-operative banks, development banks, and investment banks. The roles of the Reserve Bank of India and various acts related to banking regulation are also summarized. Important public and private sector banks are named. The roles and structures of different types of cooperative banks, development banks, and investment banks are outlined as well.
Similar to Nbfc (20)
Effectiveness of training @ canara bank project report
Effectiveness of training @ canara bank project report
Non-Banking Financial Companies & MICROFINANCE Unite Wise
Non-Banking Financial Companies & MICROFINANCE Unite Wise
Recently uploaded
Tom tresser burning issue.pptx My Burning issue
Addressing the status of black home ownership in America. and what actions are taken to impact these trends.
Pro-competitive Industrial Policy – LANE – June 2024 OECD discussion
Pro-competitive Industrial Policy – LANE – June 2024 OECD discussionOECD Directorate for Financial and Enterprise Affairs
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
Competition and Regulation in Professions and Occupations – ROBSON – June 202...
Competition and Regulation in Professions and Occupations – ROBSON – June 202...OECD Directorate for Financial and Enterprise Affairs
This presentation by Professor Alex Robson, Deputy Chair of Australia’s Productivity Commission, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.2024-05-30_meetup_devops_aix-marseille.pdf
Slides de notre meetup DevOps AixMarseille du 30 mai 2024 chez SmarTribune
Sujets: platform engineering / terragrunt / test containers
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...
• For a full set of 760+ questions. Go to
https://skillcertpro.com/product/databricks-certified-data-engineer-associate-exam-questions/
• SkillCertPro offers detailed explanations to each question which helps to understand the concepts better.
• It is recommended to score above 85% in SkillCertPro exams before attempting a real exam.
• SkillCertPro updates exam questions every 2 weeks.
• You will get life time access and life time free updates
• SkillCertPro assures 100% pass guarantee in first attempt.
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussionOECD Directorate for Financial and Enterprise Affairs
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
Competition and Regulation in Professions and Occupations – OECD – June 2024 ...
Competition and Regulation in Professions and Occupations – OECD – June 2024 ...OECD Directorate for Financial and Enterprise Affairs
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
XP 2024 presentation: A New Look to Leadership
Presentation slides from XP2024 conference, Bolzano IT. The slides describe a new view to leadership and combines it with anthro-complexity (aka cynefin).
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdf
Psychological safety in teams is important; team members must feel safe and able to communicate and collaborate effectively to deliver value. It’s also necessary to build long-lasting teams since things will happen and relationships will be strained.
But, how safe is a team? How can we determine if there are any factors that make the team unsafe or have an impact on the team’s culture?
In this mini-workshop, we’ll play games for psychological safety and team culture utilizing a deck of coaching cards, The Psychological Safety Cards. We will learn how to use gamification to gain a better understanding of what’s going on in teams. Individuals share what they have learned from working in teams, what has impacted the team’s safety and culture, and what has led to positive change.
Different game formats will be played in groups in parallel. Examples are an ice-breaker to get people talking about psychological safety, a constellation where people take positions about aspects of psychological safety in their team or organization, and collaborative card games where people work together to create an environment that fosters psychological safety.
Mẫu PPT kế hoạch làm việc sáng tạo cho nửa cuối năm PowerPoint
Mẫu PPT kế hoạch làm việc sáng tạo cho nửa cuối năm PowerPoint
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
Abstract:
Let’s talk about powerful conversations! We all know how to lead a constructive conversation, right? Then why is it so difficult to have those conversations with people at work, especially those in powerful positions that show resistance to change?
Learning to control and direct conversations takes understanding and practice.
We can combine our innate empathy with our analytical skills to gain a deeper understanding of complex situations at work. Join this session to learn how to prepare for difficult conversations and how to improve our agile conversations in order to be more influential without power. We will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
In the session you will experience how preparing and reflecting on your conversation can help you be more influential at work. You will learn how to communicate more effectively with the people needed to achieve positive change. You will leave with a self-revised version of a difficult conversation and a practical model to use when you get back to work.
Come learn more on how to become a real influencer!
原版制作贝德福特大学毕业证（bedfordhire毕业证）硕士文凭原版一模一样
原版一模一样【微信：741003700 】【贝德福特大学毕业证（bedfordhire毕业证）硕士文凭】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
ASONAM2023_presection_slide_track-recommendation.pdf
Presented at the 2023 IEEE/ACM International Conference on
Advances in Social Networks Analysis and Mining.
Artificial Intelligence, Data and Competition – OECD – June 2024 OECD discussion
Artificial Intelligence, Data and Competition – OECD – June 2024 OECD discussionOECD Directorate for Financial and Enterprise Affairs
This presentation by OECD, OECD Secretariat, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
BRIC_2024_2024-06-06-11:30-haunschild_archival_version.pdf
These are the slides of my presentation at BRIC 2024 about global science overlay maps using OpenAlex.
Carrer goals.pptx and their importance in real life
Career goals serve as a roadmap for individuals, guiding them toward achieving long-term professional aspirations and personal fulfillment. Establishing clear career goals enables professionals to focus their efforts on developing specific skills, gaining relevant experience, and making strategic decisions that align with their desired career trajectory. By setting both short-term and long-term objectives, individuals can systematically track their progress, make necessary adjustments, and stay motivated. Short-term goals often include acquiring new qualifications, mastering particular competencies, or securing a specific role, while long-term goals might encompass reaching executive positions, becoming industry experts, or launching entrepreneurial ventures.
Moreover, having well-defined career goals fosters a sense of purpose and direction, enhancing job satisfaction and overall productivity. It encourages continuous learning and adaptation, as professionals remain attuned to industry trends and evolving job market demands. Career goals also facilitate better time management and resource allocation, as individuals prioritize tasks and opportunities that advance their professional growth. In addition, articulating career goals can aid in networking and mentorship, as it allows individuals to communicate their aspirations clearly to potential mentors, colleagues, and employers, thereby opening doors to valuable guidance and support. Ultimately, career goals are integral to personal and professional development, driving individuals toward sustained success and fulfillment in their chosen fields.
Artificial Intelligence, Data and Competition – SCHREPEL – June 2024 OECD dis...
Artificial Intelligence, Data and Competition – SCHREPEL – June 2024 OECD dis...OECD Directorate for Financial and Enterprise Affairs
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
Recently uploaded (20)
Pro-competitive Industrial Policy – LANE – June 2024 OECD discussion
Pro-competitive Industrial Policy – LANE – June 2024 OECD discussion
Competition and Regulation in Professions and Occupations – ROBSON – June 202...
Competition and Regulation in Professions and Occupations – ROBSON – June 202...
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
Competition and Regulation in Professions and Occupations – OECD – June 2024 ...
Competition and Regulation in Professions and Occupations – OECD – June 2024 ...
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdf
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdf
Mẫu PPT kế hoạch làm việc sáng tạo cho nửa cuối năm PowerPoint
Mẫu PPT kế hoạch làm việc sáng tạo cho nửa cuối năm PowerPoint
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...
ASONAM2023_presection_slide_track-recommendation.pdf
ASONAM2023_presection_slide_track-recommendation.pdf
Artificial Intelligence, Data and Competition – OECD – June 2024 OECD discussion
Artificial Intelligence, Data and Competition – OECD – June 2024 OECD discussion
BRIC_2024_2024-06-06-11:30-haunschild_archival_version.pdf
BRIC_2024_2024-06-06-11:30-haunschild_archival_version.pdf
Carrer goals.pptx and their importance in real life
Carrer goals.pptx and their importance in real life
Artificial Intelligence, Data and Competition – SCHREPEL – June 2024 OECD dis...
Artificial Intelligence, Data and Competition – SCHREPEL – June 2024 OECD dis...
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie Wells
Nbfc
- 2. NON BANKING FINANTIAL INTERMEDIARIES ABOUT Company registered under the Companies Act, 1956 Regulated by the Central Bank i.e. Reserve Bank of India under RBI Act, 1934 Provides loans and advances, credit facility, savings and investment products, trading in the money market, managing portfolios of stocks, transfer of money and so on. NBFC IS DIVIDED IN 3 CATEGORIES Asset Companies Loan Companies Investment Companies
- 3. BANKS Banks are the financial institution conduct banking activity like accepting deposits, granting credit, managing withdrawals pay interest It acts as a financial intermediary, between the depositors and borrowers, that ensures smooth functioning of the economy. Types of Banks Private Public Foreign banks. They are responsible for making loans, creating credit, mobilisation of deposits, safe and time bound transfer of money and providing publicutility services.
- 4. NBFC BANKS 1) Provides Banking services without holding Bank License 1) Government authorised Finantial Intermediary aims to provide service to general public 2) Incorporated under Companies Act of 1956 2) Incorporated under Companies Act of 1949 3) They are not allowed to accept such deposits which are repayable on demand 3) They accept Demand Deposits 4) Foreign investment up to 100% is allowed 4) Private banks are eligible for Foreign Investment upto 74% 5) They are not an Integral Part of the System 5) They are an Integral part of the System 6) They don’t require to maintain Reserve Ratios 6) Mandate for a bank to maintain reserve ratios like CRR or SLR. 7) They are not involved in creation of credit 7) They are involved in creation of credit.
- 5. NATURE OF NON BANKING FINANTIAL INSTITUTION Bank supplement Brokers of Loanable Funds mobilization of saving Provide Liquidity Lenders and NBFIs both Earn Help the Business Sector Unsecured Cannot accept demand deposit
- 6. ROLES OF NON FINANTIAL INTERMEDIARIES 1) Reduce Hoarding 2) Help the Household Sector 3) Help the Business Sector 4) Help the State and Local Government 5) Help the Central Government
- 7. REGULATORY FRAMEWORK The RBI Act was amended in 1997 to provide for comprehensive regulatory framework for NBFCs. As per the RBI (Amendment) Act 1997, the RBI can issue directions to NBFCs & its auditors, prohibit deposit acceptance and alienation of assets by NBFCs and initiate action for winding up of NBFCs. The new regulations provide: Compulsory registration for all NBFCs, irrespective of their holding of public deposits, for commencing and carrying on business of a non-business financial institution The amended act also classified NBFCs into three broad categories i) NBFCs accepting public deposits ii) NBFCs not accepting/holding public deposits iii) core investment companies (i.e. those acquiring shares/securities of their group/holding/subsidiary companies to the extent of not less than 90% of total assets and which do not accept public deposits.)
- 8. Minimum entry point net-worth of Rs 2.5 million which was subsequently revised upwards to Rs 20 million Deposit mobilization linked to net-worth, business activities and credit rating Maintenance of 12.5% of their deposits in liquid assets Creation of a Reserve Fund and transfer of 20% of profit after tax butbefore dividend to the fund Ceiling on maximum rate of interest that NBFCs can pay on their public deposits NBFCs with an asset size of at least Rs 1 billion or a deposit base of at least Rs 200 million are required to have Asset-Liability Management systems and constitute anAsset- Liability Management Committee