This study focus on the non banking financial companies in India – a conceptual framework It should be noted that during the 36 month period fromApril1997 to March2000, Crisis downgraded 149 NBFCs due to their deteriorating business and financial risk profiles and credit fundamentals. The stringent regulations, refusals for registration and the notifications regarding the cancellation of the permissions to raise deposits have gradually reduced the fly by night operators. NBFCs are now struggling hard to find reasons for continued existence, strategies for such existence and business areas for growth and earnings. Dr. S. Mahalingam | B. Ashokkumar "Non-Banking Financial Companies in India – A Conceptual Framework" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33278.pdf Paper Url: https://www.ijtsrd.com/management/marketing-management/33278/nonbanking-financial-companies-in-india-–-a-conceptual-framework/dr-s-mahalingam
Sebi - consultation paper-review of framework for institutional trading platf...Venkatesh Prabhu
The regulator has renamed the Institutional Trading Platform(ITP) as 'Innovators Growth Platform'(IGP)
SEBI Proposes minimum trading lot size to Rs 2 lakh from the existing Rs 10 lakh and also proposed lock-in of six months for all categories of pre-IPO public shareholders, unlike the current rule which exempts private equity funds from lock-in.
The minimum number of allottees has also been reduced to 50 from the existing 200. Besides, it has proposed to remove a minimum reservation of allocation to any specific category of investors and is considering allocation on a proportionate basis.At present, rules allow 75% of the net offer to the public to be allocated to institutional investors and the remaining 25% to non-institutional investors.
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.
Key Takeaways:
- History of Fund Management in India
- India's Fund Management Potential
- Investing Population in India
- India as an IFSC
- Various Funds and Regulators
Legal aspects relating to registration of nbfc in indiaNeha Jain
This document discusses the legal aspects relating to registration of non-banking financial companies (NBFCs) in India. It defines what an NBFC is, outlines the different types of NBFCs based on their liabilities and activities. It also discusses the registration requirements with the Reserve Bank of India such as minimum net owned fund, qualifying the 50-50 test, and the registration process. The considerations of RBI while granting certificate of registration and the process for acquisition or transfer of control of registered NBFCs are also summarized.
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
5 presentation on ism legal framework may 28Tamil Selvan
The document provides an overview of the legal framework and regulatory structure governing the Indian securities market. It discusses the modernization and growth of the market since 1992, with reforms establishing SEBI as the primary regulator. Key statutes that provide the legal framework are outlined, including the SEBI Act, Depositories Act, and Securities Contracts Act. The regulatory authorities that oversee different aspects of the market are also described. Finally, the document outlines SEBI's investigative powers and judicial review process for appeals of SEBI orders.
Sebi - consultation paper-review of framework for institutional trading platf...Venkatesh Prabhu
The regulator has renamed the Institutional Trading Platform(ITP) as 'Innovators Growth Platform'(IGP)
SEBI Proposes minimum trading lot size to Rs 2 lakh from the existing Rs 10 lakh and also proposed lock-in of six months for all categories of pre-IPO public shareholders, unlike the current rule which exempts private equity funds from lock-in.
The minimum number of allottees has also been reduced to 50 from the existing 200. Besides, it has proposed to remove a minimum reservation of allocation to any specific category of investors and is considering allocation on a proportionate basis.At present, rules allow 75% of the net offer to the public to be allocated to institutional investors and the remaining 25% to non-institutional investors.
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.
Key Takeaways:
- History of Fund Management in India
- India's Fund Management Potential
- Investing Population in India
- India as an IFSC
- Various Funds and Regulators
Legal aspects relating to registration of nbfc in indiaNeha Jain
This document discusses the legal aspects relating to registration of non-banking financial companies (NBFCs) in India. It defines what an NBFC is, outlines the different types of NBFCs based on their liabilities and activities. It also discusses the registration requirements with the Reserve Bank of India such as minimum net owned fund, qualifying the 50-50 test, and the registration process. The considerations of RBI while granting certificate of registration and the process for acquisition or transfer of control of registered NBFCs are also summarized.
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
5 presentation on ism legal framework may 28Tamil Selvan
The document provides an overview of the legal framework and regulatory structure governing the Indian securities market. It discusses the modernization and growth of the market since 1992, with reforms establishing SEBI as the primary regulator. Key statutes that provide the legal framework are outlined, including the SEBI Act, Depositories Act, and Securities Contracts Act. The regulatory authorities that oversee different aspects of the market are also described. Finally, the document outlines SEBI's investigative powers and judicial review process for appeals of SEBI orders.
The Reserve Bank of India issued directions regulating overseas investments by Core Investment Companies. The directions apply to all corporate investment companies seeking to invest abroad. Key points of the directions include eligibility criteria for overseas investments, conditions on such investments, reporting requirements, and penal actions for non-compliance. The objective is to regulate the credit system and monitor overseas investments by core investment companies.
FREQUENTLY ASKED QUESTIONS (FAQs) SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014BFSICM
The document provides frequently asked questions and answers regarding the SEBI (Research Analysts) Regulations, 2014. Some key points:
- The regulations specify requirements for registration, certification, disclosures, code of conduct and more for research analysts in India.
- Existing research analysts had 6 months to apply for registration and will be given 2 years to obtain required certification.
- Individual research analysts do not need separate registration, but must meet qualification requirements. The employing research entity requires registration.
- Certain communications like commentaries and periodic reports are excluded from the definition of "research report".
- Most intermediaries must register if they issue research reports, but some like asset managers are exempt. Independent analysts
The document discusses the history and controversies surrounding the Indo-Mauritius Double Taxation Avoidance Treaty (DTAT). Key points:
- The 1983 DTAT between India and Mauritius exempted capital gains tax for Mauritius residents on profits from selling shares of Indian companies. This made Mauritius an attractive jurisdiction for foreign investment in India.
- However, the DTAT has been controversial as some accuse Mauritius of being used as a "tax haven" where funds can be "round tripped" back to India to avoid capital gains taxes. There have been ongoing efforts by India to amend the DTAT.
- Recent court rulings in India have aimed to prevent
This document discusses different types of PRC companies and methods of financing business operations for these companies. There are two main types of PRC companies - limited liability companies and joint stock limited companies. Equity financing involves raising funds from shareholders by increasing registered capital or issuing new shares. Debt financing refers to loans from financial institutions like commercial banks. Common methods of equity financing include private equity investment and initial public offerings, while common forms of debt financing involve letters of guarantee or using property as collateral for bank loans.
Overseas investment by core investment companiesAritra Das
This newsletter discusses a recent notification issued by the Reserve Bank of India formulating the regulatory framework for overseas investment by Core Investment Companies
History of Non-Banking Financial Companies Classification of Non-Banking Co...Mohammed Jasir PV
History of Non-Banking Financial Companies
Classification of Non-Banking Companies
Classification of Activities of NBFC
Fund Based Activities
Fee Based Activities
Concepts, Growth and Trends of Fee Based And Fund Based Activities.
Idfc mutual fund common application form with kimPrajna Capital
The document is a Key Information Memorandum for an offering of units by a mutual fund. It sets forth important information that prospective investors should know, including details on the scheme, risks, penalties and how to access additional documents. The units being offered have been prepared in accordance with applicable regulations but have not been approved by SEBI.
The document describes the investment objectives of seeking stable returns with low risk by investing in good quality fixed income and money market securities for some funds, while other funds aim to generate optimal returns with high liquidity through active management of debt portfolios. All funds note there is no assurance the objectives will be realized.
TYBCOM SEM VI FINANCIAL ACCOUNTING NOTESSunnyPunjabi4
This document discusses the topic of underwriting of shares and debentures. It provides details on:
1) The definition and purpose of underwriting, including ensuring that shares/debentures are fully subscribed and relieving the company of marketing risks.
2) Key terms like underwriting commission, types of underwriting (complete, partial, firm), and provisions regarding underwriting commissions under Indian law.
3) Worked problems to demonstrate how to calculate underwriter liability and distribute unmarked applications among underwriters.
This document provides information about non-banking financial companies (NBFCs) in India. It defines NBFCs as non-banking institutions that conduct lending, acquisition, and leasing activities but do not accept demand deposits. NBFCs are divided into categories including asset finance companies, investment companies, and loan companies. Key differences between NBFCs and banks are that NBFCs cannot accept demand deposits or issue checks. The Reserve Bank of India regulates NBFCs and places restrictions on their acceptance of public deposits.
This was presented by CA. Sudha G. Bhushan as a key note speaker in the national seminar on Foreign INvestment Flows in India organised by Lala Lajpat Rai Institute of Management.
The document summarizes new developments in India's capital market regulations regarding buybacks and takeovers. It discusses changes to thresholds for mandatory open offers, increased offer size for open offers, and allowing acquisitions before open offer completion subject to escrowed funds. The changes aim to align Indian rules more closely with global standards and provide flexibility for acquisitions and private equity investments.
The document summarizes the Securities and Exchange Board of India (SEBI) and Investor Education and Protection Fund (IEPF). It describes how SEBI was established in 1988 as a statutory body to regulate the securities market and protect investors. It outlines SEBI's objectives, organizational structure, powers, and functions like regulatory, protective, and developmental. It then explains that IEPF was set up under the Companies Act to collect unclaimed dividends and deposit amounts unpaid for 7 years, and is overseen by a committee chaired by the Ministry of Corporate Affairs Secretary. The fund is used for investor education and awareness activities.
YOUR GUIDE TO STARTING A COMPANY IN INDONESIA 2020 | INVEST ISLANDSInvest Islands
This document provides a guide to starting a foreign investment company (PT PMA) in Indonesia. It outlines the key steps which include obtaining necessary approvals and licenses from the Investment Coordinating Board (BKPM) and other relevant departments, establishing the company with a notary, and registering the company on the Online Single Submission (OSS) system. The guide also discusses ongoing post-establishment requirements for PT PMAs such as employment and tax reporting, investment activity reports, and ensuring compliance with Indonesian law.
Different
components of the financial system and
their functions
Financial markets - primary and
secondary markets; OTC and exchange
markets; and equity and debt markets.
The document summarizes the various non-bank financial institutions (NBFIs) that are supervised by government agencies in Malaysia. It discusses five major groups of NBFIs: 1) development finance institutions that provide financing and services to promote investment, 2) savings institutions that promote savings, 3) insurance companies, 4) provident and pension funds, and 5) financial intermediaries like factoring companies, leasing companies, and credit institutions. It provides examples and roles of institutions within each group.
The document discusses anti-money laundering compliance measures at the National Savings Organization of Pakistan. It outlines the products and accounts offered by National Savings, as well as Pakistan's anti-money laundering laws and National Savings' role in complying with FATF recommendations. Recent developments improving Pakistan's AML/CFT framework are also summarized.
This document discusses asset management companies (AMCs) in India. It provides definitions of AMCs and describes their functions and regulatory requirements. AMCs manage portfolios of securities on behalf of investors. In India, AMCs are regulated by SEBI and must be approved to operate. AMCs can manage mutual funds, hedge funds, and other investment vehicles. They collect funds from investors and invest them in diversified portfolios according to the fund's objectives. The document compares AMCs to asset reconstruction companies and discusses how AMCs work with mutual funds and hedge funds.
Cross border merger and acquisitions in india with special reference to femaFarhan Neguive
This document discusses inbound cross-border mergers and acquisitions (M&As) in India and how they are regulated under the Foreign Exchange Management Act (FEMA). It notes that FEMA and related regulations govern foreign investment in India and allow non-residents to purchase shares of Indian companies under the Foreign Direct Investment Scheme. It also discusses rules for rights issues, share transfers, and M&As involving share issuances to non-resident shareholders under FEMA. Inbound M&As are an important type of foreign investment in India that FEMA aims to facilitate while regulating cross-border financial flows.
The document discusses various methods for funding investments in joint ventures (JVs) and wholly owned subsidiaries (WOS) abroad by Indian companies. It outlines that investments can be funded through foreign exchange reserves, export proceeds, equity swaps, external commercial borrowings, depository receipts, and balances in exchange earners' foreign currency accounts. The capitalization of export proceeds and other dues to invest in overseas JVs/WOS within prescribed timelines is also permitted. Indian companies can invest in overseas equities and rated debt instruments up to a certain percentage of their net worth. The acquisition of a foreign company through a bidding process is also discussed.
The Reserve Bank of India regulates and supervises Non-Banking Financial Companies. The objectives are to ensure healthy growth, ensure they function as part of the financial system within policy frameworks, and maintain high quality supervision. This document provides clarification on regulatory changes and operational matters for NBFCs, the public, and other stakeholders through a question and answer format. Key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques, and deposit insurance is not available for NBFC depositors. Registration with RBI is mandatory for NBFCs, and there are requirements around minimum net owned funds, application process, and classifications of different types of NBFCs.
NBFCs are non-banking financial companies that are registered under the Companies Act and engage in financial activities such as lending, acquisition of shares/bonds, leasing, insurance, etc. but do not include institutions conducting agricultural/industrial activities or selling goods/services. NBFCs are regulated by the Reserve Bank of India and must register with RBI to operate. They are classified based on whether they accept public deposits and their asset size. Over time, various committees have shaped the regulatory framework for NBFCs in India to strengthen governance, disclosure, and supervision.
The Reserve Bank of India issued directions regulating overseas investments by Core Investment Companies. The directions apply to all corporate investment companies seeking to invest abroad. Key points of the directions include eligibility criteria for overseas investments, conditions on such investments, reporting requirements, and penal actions for non-compliance. The objective is to regulate the credit system and monitor overseas investments by core investment companies.
FREQUENTLY ASKED QUESTIONS (FAQs) SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014BFSICM
The document provides frequently asked questions and answers regarding the SEBI (Research Analysts) Regulations, 2014. Some key points:
- The regulations specify requirements for registration, certification, disclosures, code of conduct and more for research analysts in India.
- Existing research analysts had 6 months to apply for registration and will be given 2 years to obtain required certification.
- Individual research analysts do not need separate registration, but must meet qualification requirements. The employing research entity requires registration.
- Certain communications like commentaries and periodic reports are excluded from the definition of "research report".
- Most intermediaries must register if they issue research reports, but some like asset managers are exempt. Independent analysts
The document discusses the history and controversies surrounding the Indo-Mauritius Double Taxation Avoidance Treaty (DTAT). Key points:
- The 1983 DTAT between India and Mauritius exempted capital gains tax for Mauritius residents on profits from selling shares of Indian companies. This made Mauritius an attractive jurisdiction for foreign investment in India.
- However, the DTAT has been controversial as some accuse Mauritius of being used as a "tax haven" where funds can be "round tripped" back to India to avoid capital gains taxes. There have been ongoing efforts by India to amend the DTAT.
- Recent court rulings in India have aimed to prevent
This document discusses different types of PRC companies and methods of financing business operations for these companies. There are two main types of PRC companies - limited liability companies and joint stock limited companies. Equity financing involves raising funds from shareholders by increasing registered capital or issuing new shares. Debt financing refers to loans from financial institutions like commercial banks. Common methods of equity financing include private equity investment and initial public offerings, while common forms of debt financing involve letters of guarantee or using property as collateral for bank loans.
Overseas investment by core investment companiesAritra Das
This newsletter discusses a recent notification issued by the Reserve Bank of India formulating the regulatory framework for overseas investment by Core Investment Companies
History of Non-Banking Financial Companies Classification of Non-Banking Co...Mohammed Jasir PV
History of Non-Banking Financial Companies
Classification of Non-Banking Companies
Classification of Activities of NBFC
Fund Based Activities
Fee Based Activities
Concepts, Growth and Trends of Fee Based And Fund Based Activities.
Idfc mutual fund common application form with kimPrajna Capital
The document is a Key Information Memorandum for an offering of units by a mutual fund. It sets forth important information that prospective investors should know, including details on the scheme, risks, penalties and how to access additional documents. The units being offered have been prepared in accordance with applicable regulations but have not been approved by SEBI.
The document describes the investment objectives of seeking stable returns with low risk by investing in good quality fixed income and money market securities for some funds, while other funds aim to generate optimal returns with high liquidity through active management of debt portfolios. All funds note there is no assurance the objectives will be realized.
TYBCOM SEM VI FINANCIAL ACCOUNTING NOTESSunnyPunjabi4
This document discusses the topic of underwriting of shares and debentures. It provides details on:
1) The definition and purpose of underwriting, including ensuring that shares/debentures are fully subscribed and relieving the company of marketing risks.
2) Key terms like underwriting commission, types of underwriting (complete, partial, firm), and provisions regarding underwriting commissions under Indian law.
3) Worked problems to demonstrate how to calculate underwriter liability and distribute unmarked applications among underwriters.
This document provides information about non-banking financial companies (NBFCs) in India. It defines NBFCs as non-banking institutions that conduct lending, acquisition, and leasing activities but do not accept demand deposits. NBFCs are divided into categories including asset finance companies, investment companies, and loan companies. Key differences between NBFCs and banks are that NBFCs cannot accept demand deposits or issue checks. The Reserve Bank of India regulates NBFCs and places restrictions on their acceptance of public deposits.
This was presented by CA. Sudha G. Bhushan as a key note speaker in the national seminar on Foreign INvestment Flows in India organised by Lala Lajpat Rai Institute of Management.
The document summarizes new developments in India's capital market regulations regarding buybacks and takeovers. It discusses changes to thresholds for mandatory open offers, increased offer size for open offers, and allowing acquisitions before open offer completion subject to escrowed funds. The changes aim to align Indian rules more closely with global standards and provide flexibility for acquisitions and private equity investments.
The document summarizes the Securities and Exchange Board of India (SEBI) and Investor Education and Protection Fund (IEPF). It describes how SEBI was established in 1988 as a statutory body to regulate the securities market and protect investors. It outlines SEBI's objectives, organizational structure, powers, and functions like regulatory, protective, and developmental. It then explains that IEPF was set up under the Companies Act to collect unclaimed dividends and deposit amounts unpaid for 7 years, and is overseen by a committee chaired by the Ministry of Corporate Affairs Secretary. The fund is used for investor education and awareness activities.
YOUR GUIDE TO STARTING A COMPANY IN INDONESIA 2020 | INVEST ISLANDSInvest Islands
This document provides a guide to starting a foreign investment company (PT PMA) in Indonesia. It outlines the key steps which include obtaining necessary approvals and licenses from the Investment Coordinating Board (BKPM) and other relevant departments, establishing the company with a notary, and registering the company on the Online Single Submission (OSS) system. The guide also discusses ongoing post-establishment requirements for PT PMAs such as employment and tax reporting, investment activity reports, and ensuring compliance with Indonesian law.
Different
components of the financial system and
their functions
Financial markets - primary and
secondary markets; OTC and exchange
markets; and equity and debt markets.
The document summarizes the various non-bank financial institutions (NBFIs) that are supervised by government agencies in Malaysia. It discusses five major groups of NBFIs: 1) development finance institutions that provide financing and services to promote investment, 2) savings institutions that promote savings, 3) insurance companies, 4) provident and pension funds, and 5) financial intermediaries like factoring companies, leasing companies, and credit institutions. It provides examples and roles of institutions within each group.
The document discusses anti-money laundering compliance measures at the National Savings Organization of Pakistan. It outlines the products and accounts offered by National Savings, as well as Pakistan's anti-money laundering laws and National Savings' role in complying with FATF recommendations. Recent developments improving Pakistan's AML/CFT framework are also summarized.
This document discusses asset management companies (AMCs) in India. It provides definitions of AMCs and describes their functions and regulatory requirements. AMCs manage portfolios of securities on behalf of investors. In India, AMCs are regulated by SEBI and must be approved to operate. AMCs can manage mutual funds, hedge funds, and other investment vehicles. They collect funds from investors and invest them in diversified portfolios according to the fund's objectives. The document compares AMCs to asset reconstruction companies and discusses how AMCs work with mutual funds and hedge funds.
Cross border merger and acquisitions in india with special reference to femaFarhan Neguive
This document discusses inbound cross-border mergers and acquisitions (M&As) in India and how they are regulated under the Foreign Exchange Management Act (FEMA). It notes that FEMA and related regulations govern foreign investment in India and allow non-residents to purchase shares of Indian companies under the Foreign Direct Investment Scheme. It also discusses rules for rights issues, share transfers, and M&As involving share issuances to non-resident shareholders under FEMA. Inbound M&As are an important type of foreign investment in India that FEMA aims to facilitate while regulating cross-border financial flows.
The document discusses various methods for funding investments in joint ventures (JVs) and wholly owned subsidiaries (WOS) abroad by Indian companies. It outlines that investments can be funded through foreign exchange reserves, export proceeds, equity swaps, external commercial borrowings, depository receipts, and balances in exchange earners' foreign currency accounts. The capitalization of export proceeds and other dues to invest in overseas JVs/WOS within prescribed timelines is also permitted. Indian companies can invest in overseas equities and rated debt instruments up to a certain percentage of their net worth. The acquisition of a foreign company through a bidding process is also discussed.
The Reserve Bank of India regulates and supervises Non-Banking Financial Companies. The objectives are to ensure healthy growth, ensure they function as part of the financial system within policy frameworks, and maintain high quality supervision. This document provides clarification on regulatory changes and operational matters for NBFCs, the public, and other stakeholders through a question and answer format. Key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques, and deposit insurance is not available for NBFC depositors. Registration with RBI is mandatory for NBFCs, and there are requirements around minimum net owned funds, application process, and classifications of different types of NBFCs.
NBFCs are non-banking financial companies that are registered under the Companies Act and engage in financial activities such as lending, acquisition of shares/bonds, leasing, insurance, etc. but do not include institutions conducting agricultural/industrial activities or selling goods/services. NBFCs are regulated by the Reserve Bank of India and must register with RBI to operate. They are classified based on whether they accept public deposits and their asset size. Over time, various committees have shaped the regulatory framework for NBFCs in India to strengthen governance, disclosure, and supervision.
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.
This document provides an overview of non-banking financial institutions (NBFCs) in India. It defines what an NBFC is, compares them to banks, describes the different types of NBFCs and their regulations. Key points include that NBFCs cannot accept demand deposits, do not have deposit insurance, and are regulated differently than banks. The document also summarizes the requirements for NBFCs to accept public deposits, their permitted interest rates and deposit periods.
This document provides an overview of non-banking financial companies (NBFCs) in India, including what an NBFC is, the regulatory framework, and types of NBFCs. Some key points:
- An NBFC is a non-banking institution that conducts financial services like lending, acquiring stocks/securities, hire purchase, etc. but cannot accept demand deposits.
- NBFCs are regulated by the Reserve Bank of India and must register with RBI to operate.
- NBFCs are classified based on whether they accept deposits from the public, their asset size, and type of business (loan, investment, infrastructure finance etc.).
- Regulations on NBFCs are
NBFCs are non-banking financial institutions that are registered under the Companies Act and engage in financial activities like lending but do not hold bank accounts. They differ from banks in that they cannot accept demand deposits or issue checks. This document discusses the role of NBFCs, their regulation by the RBI, types of NBFCs, requirements for accepting public deposits, and recourse for depositors if an NBFC defaults. It provides definitions of key terms like "deposit" and explains rules around NBFC ratings, interest rates, and downgrading of credit ratings.
This document provides information on how to register as a Non-Banking Financial Company (NBFC) in India. It discusses what an NBFC is, the requirements for RBI registration including a minimum net owned fund of Rs. 2 crore, the application process, necessary documents, and various periodic returns that must be filed by deposit-taking and non-deposit taking NBFCs.
This document discusses the regulations for Non-Banking Financial Companies (NBFCs) in India. It defines NBFCs, outlines the registration requirements with the Reserve Bank of India, and classifies NBFCs into different categories based on their activities. It also describes the various compliance requirements for NBFCs, including capital adequacy, credit concentration limits, returns to be filed, and the responsibilities of auditors. Finally, it notes some problem areas like unregistered NBFCs operating without approval.
The Reserve Bank of India had recently directed to Public Sector Banks as well as Private Sector Banks to downgrade the asset classification of more than 150 borrower accounts, based upon Asset Quality review, to Non- Performing Assets (NPAs). The exposure of banking sector to such borrower accounts was in the range of ` 1,50,000 Crores to ` 2,00,000 Crores.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
The document defines and provides details about non-banking financial companies (NBFCs) in India according to regulations set by the Reserve Bank of India. Key points include:
- NBFCs are defined as non-banking institutions that conduct activities such as lending, acquisition of shares/securities, leasing, etc. but do not include businesses related to agriculture, industry or real estate.
- There are different types of NBFCs including loan companies, investment companies, asset finance companies, and residuary non-banking companies.
- NBFCs must register with the RBI and comply with various prudential regulations regarding public deposits, capital adequacy, exposure norms, and
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.
The editorial discusses the need for India to significantly improve the ease of doing business by reducing regulatory hurdles and bureaucratic compliances across various sectors like company law, capital markets, taxation, real estate, etc. While the government has taken some positive steps, major hurdles still remain and a change in bureaucratic mindset is needed. Simplifying laws and making them less restrictive would encourage business growth and improve India's global competitiveness.
Fixed charge attaches to specific assets while floating charge covers all assets including future assets. Floating charge crystallizes on the happening of an event like default.
Fixed charge attaches to specific assets while floating charge covers all assets including future assets. Floating charge crystallizes on the happening of an event like default.
Fixed charge attaches to specific assets while floating charge covers all assets including future assets. Floating charge crystallizes on the happening of an event like default, appointment of receiver etc.
Ease of doing business challenges persistingNeha Sharma
The new government has been brought to power by electorate of our nation along with large expectations by industry, businesses and professions and other stakeholders of the Indian economy.
This document outlines draft guidelines for licensing new banks in the private sector in India. Some key points:
1) Only private sector entities owned and controlled by Indian residents will be eligible to promote banks. Promoters must have a successful 10+ year track record running diversified businesses.
2) Promoters will need to set up a Non-Operative Financial Holding Company (NOHC) to hold the bank and other financial entities. The NOHC structure is meant to ringfence banking activities.
3) Initial minimum paid-up capital for new banks is ₹500 crore. The NOHC must hold 40% of the bank's capital for 5 years, reducing to 20
Similar to Non Banking Financial Companies in India (20)
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
Dynamics of Communal Politics in 21st Century India Challenges and Prospectsijtsrd
Communal politics in India has evolved through centuries, weaving a complex tapestry shaped by historical legacies, colonial influences, and contemporary socio political transformations. This research comprehensively examines the dynamics of communal politics in 21st century India, emphasizing its historical roots, socio political dynamics, economic implications, challenges, and prospects for mitigation. The historical perspective unravels the intricate interplay of religious identities and power dynamics from ancient civilizations to the impact of colonial rule, providing insights into the evolution of communalism. The socio political dynamics section delves into the contemporary manifestations, exploring the roles of identity politics, socio economic disparities, and globalization. The economic implications section highlights how communal politics intersects with economic issues, perpetuating disparities and influencing resource allocation. Challenges posed by communal politics are scrutinized, revealing multifaceted issues ranging from social fragmentation to threats against democratic values. The prospects for mitigation present a multifaceted approach, incorporating policy interventions, community engagement, and educational initiatives. The paper conducts a comparative analysis with international examples, identifying common patterns such as identity politics and economic disparities. It also examines unique challenges, emphasizing Indias diverse religious landscape, historical legacy, and secular framework. Lessons for effective strategies are drawn from international experiences, offering insights into inclusive policies, interfaith dialogue, media regulation, and global cooperation. By scrutinizing historical epochs, contemporary dynamics, economic implications, and international comparisons, this research provides a comprehensive understanding of communal politics in India. The proposed strategies for mitigation underscore the importance of a holistic approach to foster social harmony, inclusivity, and democratic values. Rose Hossain "Dynamics of Communal Politics in 21st Century India: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64528.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/history/64528/dynamics-of-communal-politics-in-21st-century-india-challenges-and-prospects/rose-hossain
Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in...ijtsrd
Background and Objective Telehealth has become a well known tool for the delivery of health care in Saudi Arabia, and the perspective and knowledge of healthcare providers are influential in the implementation, adoption and advancement of the method. This systematic review was conducted to examine the current literature base regarding telehealth and the related healthcare professional perspective and knowledge in the Kingdom of Saudi Arabia. Materials and Methods This systematic review was conducted by searching 7 databases including, MEDLINE, CINHAL, Web of Science, Scopus, PubMed, PsycINFO, and ProQuest Central. Studies on healthcare practitioners telehealth knowledge and perspectives published in English in Saudi Arabia from 2000 to 2023 were included. Boland directed this comprehensive review. The researchers examined each connected study using the AXIS tool, which evaluates cross sectional systematic reviews. Narrative synthesis was used to summarise and convey the data. Results Out of 1840 search results, 10 studies were included. Positive outlook and limited knowledge among providers were seen across trials. Healthcare professionals like telehealth for its ability to improve quality, access, and delivery, save time and money, and be successful. Age, gender, occupation, and work experience also affect health workers knowledge. In Saudi Arabia, healthcare professionals face inadequate expert assistance, patient privacy, internet connection concerns, lack of training courses, lack of telehealth understanding, and high costs while performing telemedicine. Conclusions Healthcare practitioners telehealth perceptions and knowledge were examined in this systematic study. Its collection of concerned experts different personal attitudes and expertise would help enhance telehealths implementation in Saudi Arabia, develop its healthcare delivery alternative, and eliminate frequent problems. Badriah Mousa I Mulayhi | Dr. Jomin George | Judy Jenkins "Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in Saudi Arabia: A Systematic Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64535.pdf Paper Url: https://www.ijtsrd.com/medicine/other/64535/assess-perspective-and-knowledge-of-healthcare-providers-towards-elehealth-in-saudi-arabia-a-systematic-review/badriah-mousa-i-mulayhi
The Impact of Digital Media on the Decentralization of Power and the Erosion ...ijtsrd
The impact of digital media on the distribution of power and the weakening of traditional gatekeepers has gained considerable attention in recent years. The adoption of digital technologies and the internet has resulted in declining influence and power for traditional gatekeepers such as publishing houses and news organizations. Simultaneously, digital media has facilitated the emergence of new voices and players in the media industry. Digital medias impact on power decentralization and gatekeeper erosion is visible in several ways. One significant aspect is the democratization of information, which enables anyone with an internet connection to publish and share content globally, leading to citizen journalism and bypassing traditional gatekeepers. Another aspect is the disruption of conventional media industry business models, as traditional organizations struggle to adjust to the decrease in advertising revenue and the rise of digital platforms. Alternative business models, such as subscription models and crowdfunding, have become more prevalent, leading to the emergence of new players. Overall, the impact of digital media on the distribution of power and the weakening of traditional gatekeepers has brought about significant changes in the media landscape and the way information is shared. Further research is required to fully comprehend the implications of these changes and their impact on society. Dr. Kusum Lata "The Impact of Digital Media on the Decentralization of Power and the Erosion of Traditional Gatekeepers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64544.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64544/the-impact-of-digital-media-on-the-decentralization-of-power-and-the-erosion-of-traditional-gatekeepers/dr-kusum-lata
Online Voices, Offline Impact Ambedkars Ideals and Socio Political Inclusion ...ijtsrd
This research investigates the nexus between online discussions on Dr. B.R. Ambedkars ideals and their impact on social inclusion among college students in Gurugram, Haryana. Surveying 240 students from 12 government colleges, findings indicate that 65 actively engage in online discussions, with 80 demonstrating moderate to high awareness of Ambedkars ideals. Statistically significant correlations reveal that higher online engagement correlates with increased awareness p 0.05 and perceived social inclusion. Variations across colleges and a notable effect of college type on perceived social inclusion highlight the influence of contextual factors. Furthermore, the intersectional analysis underscores nuanced differences based on gender, caste, and socio economic status. Dr. Kusum Lata "Online Voices, Offline Impact: Ambedkar's Ideals and Socio-Political Inclusion - A Study of Gurugram District" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64543.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64543/online-voices-offline-impact-ambedkars-ideals-and-sociopolitical-inclusion--a-study-of-gurugram-district/dr-kusum-lata
Problems and Challenges of Agro Entreprenurship A Studyijtsrd
Noting calls for contextualizing Agro entrepreneurs problems and challenges of the agro entrepreneurs and for greater attention to the Role of entrepreneurs in agro entrepreneurship research, we conduct a systematic literature review of extent research in agriculture entrepreneurship to overcome the study objectives of complications of agro entrepreneurs through various factors, Development of agriculture products is a key factor for the overall economic growth of agro entrepreneurs Agro Entrepreneurs produces firsthand large scale employment, utilizes the labor and natural resources, This research outlines the problems of Weather and Soil Erosions, Market price fluctuation, stimulates labor cost problems, reduces concentration of Price volatility, Dependency on Intermediaries, induces Limited Bargaining Power, and Storage and Transportation Costs. This paper mainly devoted to highlight Problems and challenges faced for the sustainable of Agro Entrepreneurs in India. Vinay Prasad B "Problems and Challenges of Agro Entreprenurship - A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64540.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64540/problems-and-challenges-of-agro-entreprenurship--a-study/vinay-prasad-b
Comparative Analysis of Total Corporate Disclosure of Selected IT Companies o...ijtsrd
Disclosure is a process through which a business enterprise communicates with external parties. A corporate disclosure is communication of financial and non financial information of the activities of a business enterprise to the interested entities. Corporate disclosure is done through publishing annual reports. So corporate disclosure through annual reports plays a vital role in the life of all the companies and provides valuable information to investors. The basic objectives of corporate disclosure is to give a true and fair view of companies to the parties related either directly or indirectly like owner, government, creditors, shareholders etc. in the companies act, provisions have been made about mandatory and voluntary disclosure. The IT sector in India is rapidly growing, the trend to invest in the IT sector is rising and employment opportunities in IT sectors are also increasing. Therefore the IT sector is expected to have fair, full and adequate disclosure of all information. Unfair and incomplete disclosure may adversely affect the entire economy. A research study on disclosure practices of IT companies could play an important role in this regard. Hence, the present research study has been done to study and review comparative analysis of total corporate disclosure of selected IT companies of India and to put forward overall findings and suggestions with a view to increase disclosure score of these companies. The researcher hopes that the present research study will be helpful to all selected Companies for improving level of corporate disclosure through annual reports as well as the government, creditors, investors, all business organizations and upcoming researcher for comparative analyses of level of corporate disclosure with special reference to selected IT companies. Dr. Vaibhavi D. Thaker "Comparative Analysis of Total Corporate Disclosure of Selected IT Companies of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64539.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64539/comparative-analysis-of-total-corporate-disclosure-of-selected-it-companies-of-india/dr-vaibhavi-d-thaker
The Impact of Educational Background and Professional Training on Human Right...ijtsrd
This study investigated the impact of educational background and professional training on human rights awareness among secondary school teachers in the Marathwada region of Maharashtra, India. The key findings reveal that higher levels of education, particularly a master’s degree, and fields of study related to education, humanities, or social sciences are associated with greater human rights awareness among teachers. Additionally, both pre service teacher training and in service professional development programs focused on human rights education significantly enhance teacher’s knowledge, skills, and competencies in promoting human rights principles in their classrooms. Baig Ameer Bee Mirza Abdul Aziz | Dr. Syed Azaz Ali Amjad Ali "The Impact of Educational Background and Professional Training on Human Rights Awareness among Secondary School Teachers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64529.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64529/the-impact-of-educational-background-and-professional-training-on-human-rights-awareness-among-secondary-school-teachers/baig-ameer-bee-mirza-abdul-aziz
A Study on the Effective Teaching Learning Process in English Curriculum at t...ijtsrd
“One Language sets you in a corridor for life. Two languages open every door along the way” Frank Smith English as a foreign language or as a second language has been ruling in India since the period of Lord Macaulay. But the question is how much we teach or learn English properly in our culture. Is there any scope to use English as a language rather than a subject How much we learn or teach English without any interference of mother language specially in the classroom teaching learning scenario in West Bengal By considering all these issues the researcher has attempted in this article to focus on the effective teaching learning process comparing to other traditional strategies in the field of English curriculum at the secondary level to investigate whether they fulfill the present teaching learning requirements or not by examining the validity of the present curriculum of English. The purpose of this study is to focus on the effectiveness of the systematic, scientific, sequential and logical transaction of the course between the teachers and the learners in the perspective of the 5Es programme that is engage, explore, explain, extend and evaluate. Sanchali Mondal | Santinath Sarkar "A Study on the Effective Teaching Learning Process in English Curriculum at the Secondary Level of West Bengal" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62412.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/62412/a-study-on-the-effective-teaching-learning-process-in-english-curriculum-at-the-secondary-level-of-west-bengal/sanchali-mondal
The Role of Mentoring and Its Influence on the Effectiveness of the Teaching ...ijtsrd
This paper reports on a study which was conducted to investigate the role of mentoring and its influence on the effectiveness of the teaching of Physics in secondary schools in the South West Region of Cameroon. The study adopted the convergent parallel mixed methods design, focusing on respondents in secondary schools in the South West Region of Cameroon. Both quantitative and qualitative data were collected, analysed separately, and the results were compared to see if the findings confirm or disconfirm each other. The quantitative analysis found that majority of the respondents 72 of Physics teachers affirmed that they had more experienced colleagues as mentors to help build their confidence, improve their teaching, and help them improve their effectiveness and efficiency in guiding learners’ achievements. Only 28 of the respondents disagreed with these statements. With majority respondents 72 agreeing with the statements, it implies that in most secondary schools, experienced Physics teachers act as mentors to build teachers’ confidence in teaching and improving students’ learning. The interview qualitative data analysis summarized how secondary school Principals use meetings with mentors and mentees to promote mentorship in the school milieu. This has helped strengthen teachers’ classroom practices in secondary schools in the South West Region of Cameroon. With the results confirming each other, the study recommends that mentoring should focus on helping teachers employ social interactions and instructional practices feedback and clarity in teaching that have direct measurable impact on students’ learning achievements. Andrew Ngeim Sumba | Frederick Ebot Ashu | Peter Agborbechem Tambi "The Role of Mentoring and Its Influence on the Effectiveness of the Teaching of Physics in Secondary Schools in the South West Region of Cameroon" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64524.pdf Paper Url: https://www.ijtsrd.com/management/management-development/64524/the-role-of-mentoring-and-its-influence-on-the-effectiveness-of-the-teaching-of-physics-in-secondary-schools-in-the-south-west-region-of-cameroon/andrew-ngeim-sumba
Design Simulation and Hardware Construction of an Arduino Microcontroller Bas...ijtsrd
This study primarily focuses on the design of a high side buck converter using an Arduino microcontroller. The converter is specifically intended for use in DC DC applications, particularly in standalone solar PV systems where the PV output voltage exceeds the load or battery voltage. To evaluate the performance of the converter, simulation experiments are conducted using Proteus Software. These simulations provide insights into the input and output voltages, currents, powers, and efficiency under different state of charge SoC conditions of a 12V,70Ah rechargeable lead acid battery. Additionally, the hardware design of the converter is implemented, and practical data is collected through operation, monitoring, and recording. By comparing the simulation results with the practical results, the efficiency and performance of the designed converter are assessed. The findings indicate that while the buck converter is suitable for practical use in standalone PV systems, its efficiency is compromised due to a lower output current. Chan Myae Aung | Dr. Ei Mon "Design Simulation and Hardware Construction of an Arduino-Microcontroller Based DC-DC High-Side Buck Converter for Standalone PV System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64518.pdf Paper Url: https://www.ijtsrd.com/engineering/mechanical-engineering/64518/design-simulation-and-hardware-construction-of-an-arduinomicrocontroller-based-dcdc-highside-buck-converter-for-standalone-pv-system/chan-myae-aung
Sustainable Energy by Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadikuijtsrd
Energy becomes sustainable if it meets the needs of the present without compromising the ability of future generations to meet their own needs. Some of the definitions of sustainable energy include the considerations of environmental aspects such as greenhouse gas emissions, social, and economic aspects such as energy poverty. Generally far more sustainable than fossil fuel are renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy sources. Worthy of note is that some renewable energy projects, like the clearing of forests to produce biofuels, can cause severe environmental damage. The sustainability of nuclear power which is a low carbon source is highly debated because of concerns about radioactive waste, nuclear proliferation, and accidents. The switching from coal to natural gas has environmental benefits, including a lower climate impact, but could lead to delay in switching to more sustainable options. “Carbon capture and storage” can be built into power plants to remove the carbon dioxide CO2 emissions, but this technology is expensive and has rarely been implemented. Leading non renewable energy sources around the world is fossil fuels, coal, petroleum, and natural gas. Nuclear energy is usually considered another non renewable energy source, although nuclear energy itself is a renewable energy source, but the material used in nuclear power plants is not. The paper addresses the issue of sustainable energy, its attendant benefits to the future generation, and humanity in general. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Sustainable Energy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64534.pdf Paper Url: https://www.ijtsrd.com/engineering/electrical-engineering/64534/sustainable-energy/paul-a-adekunte
Concepts for Sudan Survey Act Implementations Executive Regulations and Stand...ijtsrd
This paper aims to outline the executive regulations, survey standards, and specifications required for the implementation of the Sudan Survey Act, and for regulating and organizing all surveying work activities in Sudan. The act has been discussed for more than 5 years. The Land Survey Act was initiated by the Sudan Survey Authority and all official legislations were headed by the Sudan Ministry of Justice till it was issued in 2022. The paper presents conceptual guidelines to be used for the Survey Act implementation and to regulate the survey work practice, standardizing the field surveys, processing, quality control, procedures, and the processes related to survey work carried out by the stakeholders and relevant authorities in Sudan. The conceptual guidelines are meant to improve the quality and harmonization of geospatial data and to aid decision making processes as well as geospatial information systems. The established comprehensive executive regulations will govern and regulate the implementation of the Sudan Survey Geomatics Act in all surveying and mapping practices undertaken by the Sudan Survey Authority SSA and state local survey departments for public or private sector organizations. The targeted standards and specifications include the reference frame, projection, coordinate systems, and the guidelines and specifications that must be followed in the field of survey work, processes, and mapping products. In the last few decades, there has been a growing awareness of the importance of geomatics activities and measurements on the Earths surface in space and time, together with observing and mapping the changes. In such cases, data must be captured promptly, standardized, and obtained with more accuracy and specified in much detail. The paper will also highlight the current situation in Sudan, the degree to which survey standards are used, the problems encountered, and the errors that arise from not using the standards and survey specifications. Kamal A. A. Sami "Concepts for Sudan Survey Act Implementations - Executive Regulations and Standards" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63484.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63484/concepts-for-sudan-survey-act-implementations--executive-regulations-and-standards/kamal-a-a-sami
Towards the Implementation of the Sudan Interpolated Geoid Model Khartoum Sta...ijtsrd
The discussions between ellipsoid and geoid have invoked many researchers during the recent decades, especially during the GNSS technology era, which had witnessed a great deal of development but still geoid undulation requires more investigations. To figure out a solution for Sudans local geoid, this research has tried to intake the possibility of determining the geoid model by following two approaches, gravimetric and geometrical geoid model determination, by making use of GNSS leveling benchmarks at Khartoum state. The Benchmarks are well distributed in the study area, in which, the horizontal coordinates and the height above the ellipsoid have been observed by GNSS while orthometric heights were carried out using precise leveling. The Global Geopotential Model GGM represented in EGM2008 has been exploited to figure out the geoid undulation at the benchmarks in the study area. This is followed by a fitting process, that has been done to suit the geoid undulation data which has been computed using GNSS leveling data and geoid undulation inspired by the EGM2008. Two geoid surfaces were created after the fitting process to ensure that they are identical and both of them could be counted for getting the same geoid undulation with an acceptable accuracy. In this respect, statistical operation played an important role in ensuring the consistency and integrity of the model by applying cross validation techniques splitting the data into training and testing datasets for building the geoid model and testing its eligibility. The geometrical solution for geoid undulation computation has been utilized by applying straightforward equations that facilitate the calculation of the geoid undulation directly through applying statistical techniques for the GNSS leveling data of the study area to get the common equation parameters values that could be utilized to calculate geoid undulation of any position in the study area within the claimed accuracy. Both systems were checked and proved eligible to be used within the study area with acceptable accuracy which may contribute to solving the geoid undulation problem in the Khartoum area, and be further generalized to determine the geoid model over the entire country, and this could be considered in the future, for regional and continental geoid model. Ahmed M. A. Mohammed. | Kamal A. A. Sami "Towards the Implementation of the Sudan Interpolated Geoid Model (Khartoum State Case Study)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63483.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63483/towards-the-implementation-of-the-sudan-interpolated-geoid-model-khartoum-state-case-study/ahmed-m-a-mohammed
Activating Geospatial Information for Sudans Sustainable Investment Mapijtsrd
Sudan is witnessing an acceleration in the processes of development and transformation in the performance of government institutions to raise the productivity and investment efficiency of the government sector. The development plans and investment opportunities have focused on achieving national goals in various sectors. This paper aims to illuminate the path to the future and provide geospatial data and information to develop the investment climate and environment for all sized businesses, and to bridge the development gap between the Sudan states. The Sudan Survey Authority SSA is the main advisor to the Sudan Government in conducting surveying, mappings, designing, and developing systems related to geospatial data and information. In recent years, SSA made a strategic partnership with the Ministry of Investment to activate Geospatial Information for Sudans Sustainable Investment and in particular, for the preparation and implementation of the Sudan investment map, based on the directives and objectives of the Ministry of Investment MI in Sudan. This paper comes within the framework of activating the efforts of the Ministry of Investment to develop technical investment services by applying techniques adopted by the Ministry and its strategic partners for advancing investment processes in the country. Kamal A. A. Sami "Activating Geospatial Information for Sudan's Sustainable Investment Map" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63482.pdf Paper Url: https://www.ijtsrd.com/engineering/information-technology/63482/activating-geospatial-information-for-sudans-sustainable-investment-map/kamal-a-a-sami
Educational Unity Embracing Diversity for a Stronger Societyijtsrd
In a rapidly changing global landscape, the importance of education as a unifying force cannot be overstated. This paper explores the crucial role of educational unity in fostering a stronger and more inclusive society through the embrace of diversity. By examining the benefits of diverse learning environments, the paper aims to highlight the positive impact on societal strength. The discussion encompasses various dimensions, from curriculum design to classroom dynamics, and emphasizes the need for educational institutions to become catalysts for unity in diversity. It highlights the need for a paradigm shift in educational policies, curricula, and pedagogical approaches to ensure that they are reflective of the diverse fabric of society. This paper also addresses the challenges associated with implementing inclusive educational practices and offers practical strategies for overcoming barriers. It advocates for collaborative efforts between educational institutions, policymakers, and communities to create a supportive ecosystem that promotes diversity and unity. Mr. Amit Adhikari | Madhumita Teli | Gopal Adhikari "Educational Unity: Embracing Diversity for a Stronger Society" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64525.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64525/educational-unity-embracing-diversity-for-a-stronger-society/mr-amit-adhikari
Integration of Indian Indigenous Knowledge System in Management Prospects and...ijtsrd
The diversity of indigenous knowledge systems in India is vast and can vary significantly between different communities and regions. Preserving and respecting these knowledge systems is crucial for maintaining cultural heritage, promoting sustainable practices, and fostering cross cultural understanding. In this paper, an overview of the prospects and challenges associated with incorporating Indian indigenous knowledge into management is explored. It is found that IIKS helps in management in many areas like sustainable development, tourism, food security, natural resource management, cultural preservation and innovation, etc. However, IIKS integration with management faces some challenges in the form of a lack of documentation, cultural sensitivity, language barriers legal framework, etc. Savita Lathwal "Integration of Indian Indigenous Knowledge System in Management: Prospects and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63500.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/63500/integration-of-indian-indigenous-knowledge-system-in-management-prospects-and-challenges/savita-lathwal
DeepMask Transforming Face Mask Identification for Better Pandemic Control in...ijtsrd
The COVID 19 pandemic has highlighted the crucial need of preventive measures, with widespread use of face masks being a key method for slowing the viruss spread. This research investigates face mask identification using deep learning as a technological solution to be reducing the risk of coronavirus transmission. The proposed method uses state of the art convolutional neural networks CNNs and transfer learning to automatically recognize persons who are not wearing masks in a variety of circumstances. We discuss how this strategy improves public health and safety by providing an efficient manner of enforcing mask wearing standards. The report also discusses the obstacles, ethical concerns, and prospective applications of face mask detection systems in the ongoing fight against the pandemic. Dilip Kumar Sharma | Aaditya Yadav "DeepMask: Transforming Face Mask Identification for Better Pandemic Control in the COVID-19 Era" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64522.pdf Paper Url: https://www.ijtsrd.com/engineering/electronics-and-communication-engineering/64522/deepmask-transforming-face-mask-identification-for-better-pandemic-control-in-the-covid19-era/dilip-kumar-sharma
Streamlining Data Collection eCRF Design and Machine Learningijtsrd
Efficient and accurate data collection is paramount in clinical trials, and the design of Electronic Case Report Forms eCRFs plays a pivotal role in streamlining this process. This paper explores the integration of machine learning techniques in the design and implementation of eCRFs to enhance data collection efficiency. We delve into the synergies between eCRF design principles and machine learning algorithms, aiming to optimize data quality, reduce errors, and expedite the overall data collection process. The application of machine learning in eCRF design brings forth innovative approaches to data validation, anomaly detection, and real time adaptability. This paper discusses the benefits, challenges, and future prospects of leveraging machine learning in eCRF design for streamlined and advanced data collection in clinical trials. Dhanalakshmi D | Vijaya Lakshmi Kannareddy "Streamlining Data Collection: eCRF Design and Machine Learning" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63515.pdf Paper Url: https://www.ijtsrd.com/biological-science/biotechnology/63515/streamlining-data-collection-ecrf-design-and-machine-learning/dhanalakshmi-d
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
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তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
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This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
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A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2. International Journal of Trend in Scientific Research and Development (IJTSRD) @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD33278 | Volume – 4 | Issue – 6 | September-October 2020 Page 164
mechanism to identify/control NPAs; sensitive market
intelligence system be developed to trigger on site
inspection, to be followed by appropriate regulatory
response. Deposit-taking by unregistered NBFCs be made a
cognizable offence; State Governments should set up special
investigation wings for enforcing this provision.
Unauthorized deposit taking by unincorporated financial
intermediaries should also be made a cognizable offence.
They should attain the minimum CRAR of 15 percent on or
before March 31st, 2000 as per their audited balance sheet,
failing which they should regularize their position by
repayment or otherwise by December 31st, 2001.
Non-Banking Financial Company
A Non-Banking Financial Company (NBFC) is a company
registered under the Companies Act, 1956 and is engaged in
the business of loans and advances, acquisition of
shares/stock/bonds/debentures/securities issued by the
government or local authority or other securities of
marketable nature, leasing, hire purchase, insurance
business, chit business, but does not include any institution
whose principal business is that of agricultural activity,
industrial activity, sale/purchase/constructionofimmovable
property. A non-banking institutionwhich isa company and
which has its principal business of receiving deposits under
any scheme orarrangement or any other manner, orlending
in any manner is also a non-banking financial company
(residuary non-banking company).
NBFC and Bank
NBFCs are doing functions akin to that of banks; however
there are a few differences:
1. A NBFC cannot accept demand deposits that arepayable
on demand immediately or within a very short period
like current or savings accounts.
2. It is not a part of payment and settlement system and
cannot issue cheques to its customers; and
3. Deposit insurance facility of Deposit Insurance Credit
Guarantee Corporation (DICGC) is not available for
NBFC depositors unlike in the case of banks.
NBFC and Registration
In terms of Section 45-IA of the RBI Act, 1934, it is
mandatory that every NBFC should be registered with the
RBI to commence or carry on any business of non-banking
financial institution as defined in clause (a) of Section 45- IA
of the RBI Act, 1934. However, to obviate dual regulation,
certain category of NBFCs which are regulated by other
regulators are exempted from the requirement of
registrationwith the RBI viz. venture capital fund/merchant
banking companies/stock broking companies registered
with Securities Exchange Board of India(SEBI), insurance
company holding a valid certificate of registration issuedby
Insurance Regulatory Development Authority(IRDA), nidhi
companies as notified under Section 620A of the Companies
Act, 1956, chit companies as defined in clause (b) of Section
2 of the Chit Funds Act, 1982 or housing finance
companies regulated by National Housing Bank.
Types of Non-Banking Finance Companies
The NBFCs that are registered with the RBI are: (i)
Equipment Leasing Company; (ii) Hire-Purchase Company;
(iii) Loan Company; and (iv)Investment Company.
However with effect from December 6, 2006 the above
NBFCsregistered with RBI have been reclassifiedas(i)Asset
Finance Company (AFC), (ii) Investment Company (IC) and
(iii) Loan Company (LC).
I. Asset Finance Company(AFC) would be definedasany
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.Principal business for this purpose is defined
as aggregate of financing real/physical assets
supporting economic activity and income arising there
from is not less than 60 percent of its total assets and
total income respectively.
II. Investment Company (IC) would be defined as 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 andlosses.
There are at least three types of investment companies:
A. Open-End Management Investment Companies
(Mutual Fund)
B. Closed-End Management Investment Companies
(Closed End Fund)
C. UlTs (Unit Investment Trust)
III. Loan Company (LC) means any company which is a
financial institutioncarrying on asits principalbusiness
the providing of finance whether by making loans or
advances or otherwise for any activity other than its
own but does not include an equipment leasing
company or a hire-purchase finance company.
The Rules and Regulations
The Indian economy is going through a period of rapid
'financialisation*. Today, the ‘intermediation* is being
conducted by a wide range offinancial institutionsthrougha
plethora of customer-friendly financial products. The
segment consisting of Non-Banking Financial Companies
(NBFCs), such as equipment leasing/hire purchase finance
companies have made great strides in recent years and are
meeting the diverse financial needs of the economy. In this
process, they have influenced the direction of savings and
investment. The resultant capital formation isimportant for
our economic growthand development. Thus, from boththe
macroeconomic perspective and the structure of the Indian
financial system, the role of NBFCs has become increasingly
important. It isinteresting to note that as atthe endofMarch
1996 the regulated deposits (deposits which RBI regulates)
of 10,194 NBFCs amounted to Rs.45, 439 crore. The
borrowing of these companies stoodat Rs.62, 995crore.One
of the most important components of these deposits/
borrowings is deposits from public in which the RBI is more
concerned. Such deposits stoodat Rs.17, 883croreexcluding
Housing Finance Corporations (HFCs) which comes out to
4.25 percent of the total deposits of scheduled commercial
banks.
The momentum of recent developments in non-banking
financial sector has evinced considerabledebate.Whilethere
is a class in the industry strongly opposing thestrengthening
of regulatory framework and focusing closer supervisory
attention, ostensibly in support of principle of free market,
3. International Journal of Trend in Scientific Research and Development (IJTSRD) @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD33278 | Volume – 4 | Issue – 6 | September-October 2020 Page 165
the other is urging the Reserve Bank to intervene and
enhance the image quotient of the industry so that a
moderate level of sustainable growth is assured of. To
appreciate and understand the present predicament, it is
better to look back to the history of the regulation of NBFCs.
To briefly recapitulate, the scheme of regulation of NBFCs
originated in mid-sixties when sudden upsurge in deposit
mobilization by Non Banking Companies was noticed.
However, the focus of regulation was mainly intended to
ensure that it serves as an adjunct to monetary and credit
policy and also provides an indirect protection to the
depositors. The focuscontinued to be the same till early90s.
Over a period of time, especially during late 80s and early
90s, NBFCs have penetrated into the main streamoffinancial
sector and have established themselves as complements of
banking industry.
Requirements for Registration
A company incorporated under the CompaniesAct,1956and
desirous of commencing business of non-banking financial
institution as defined under Section 45 IA of the RBI Act,
1934 should have a minimum net owned fund of Rs 25 lakh
(raised to Rs 2 crore from April 21, 1999). The company is
required to submit its application for registration in the
prescribed format along with necessary documents for
bank's consideration. The bank issues certificate of
registration after satisfying itself that the conditions as
enumerated in Section 45-IA of the RBI Act, 1934 are
satisfied.
List of registered NBFCs and instructions
The list of registered NBFCs is available on the web site of
the Reserve Bank of India and can be viewed at
www.rbi.org.in. The instructions issued to NBFCs from time
to time are also hosted at the above site. Besides,
instructions are also issued through Official Gazette
notifications. Press releases are also issuedtodrawattention
of the public/NBFCs.
Requirements for accepting public deposits
All NBFCs are not entitled to accept public deposits. Only
those NBFCs holding a valid certificate of registration with
authorization to accept public deposits can accept/hold
public deposits.The NBFCsaccepting public depositsshould
have minimum stipulated net owned fund and comply with
the directions issued by the bank.
An NBFC maintaining required NOF/CRAR and complying
with the prudential norms can accept public deposits as
follows:
A. Category of NBFC
B. Ceiling on public deposits
C. AFCs maintaining CRAR of 15 percent without credit
rating
D. AFCs with CRAR of 12 percent and having minimum
investment grade credit rating 1.5 times ofNOF orRs10
crore whichever is less
E. Four times of NOF
F. LC/IC with CRAR of 15 percent and having minimum
investment grade credit rating 1.5 times of NOF
Presently, the maximum rate of interest a NBFC is 11
percent. The interest may be paid oncompoundedrates.The
NBFCs are allowed to accept/renew public deposits for a
minimum period of 12 months and maximum period of 60
months. They cannot accept deposits repayable on demand.
Responsibilities of Non-Banking Finance Companies
The NBFCs accepting public deposits should furnish to the
RBI:
A. Audited balance sheet of each financial year and an
audited profitand loss account in respect of that yearas
passed in the general meeting together with a copy of
the report of the Board of Directors and a copyof the
report and the notes on accounts furnished by its
Auditors;
B. Statutory Annual Return on deposits
C. Certificate from the Auditors that the company is in a
position to repay the deposits as and when the claims
arise
D. Quarterly Return on liquid assets;
E. Half-yearly Return on prudential norms;
F. Half-yearly Asset Liability Management (ALM) Returns
by companies having public deposits of Rs. 20crore and
above or with assets of Rs.100 crore and above
irrespective of the size of deposits
G. Monthly return on exposure to capital market by
companies having public deposits of Rs 50 crore and
above and
H. A copy of the Credit Rating obtained once a year along
with one of the Half-yearly Returns on prudentialnorms
as at (e) above.
The NBFCs having assets over Rs. 100 crore but not
accepting public deposits are required to submit a Monthly
Return on important financial parameters of the company.
All companies’ not accepting public deposits have to pass a
board resolution to the effect that they haveneitheraccepted
public deposit nor would accept any public deposit during
the year. However, all the NBFCs (other than those
exempted) are required to be registered with the RBI and
make sure that they continue to be eligible to remain
Registered. Further, all NBFCs (includingnon-deposittaking)
should submit a certificate from their Statutory Auditors
every year to the effect that they continue to undertake the
business of NBFI requiring holding of Certificate of
Registration under Section 45-IA of the RBI Act, 1934.The
RBI has powers to cause inspection of the books of any
company and call for any other information about its
business activities.For this purpose, the NBFC is requiredto
furnish the Information in respect of any change in the
composition of its Board of Directors, address of the
company and its directors and the name/s and official
designations ofits principal officers and the nameand office
address of itsauditors.With effectfrom April 1st , 2007non-
deposit taking NBFCs with assets size of Rs.100 crore and
above have been advised to maintain minimum CRAR of 10
percent and shall also be subject to single/group exposure
norms.
An NBFC accepts deposits under a mutual contract with its
depositors. In case a depositor requests for pre-mature
payment, the Reserve Bank of India has prescribed
Regulations for such an eventuality in the Non Banking
Financial Companies Acceptance of Public Deposits(Reserve
Bank) Directions, 1998 wherein it is specified that NBFC
scan not grant any loan against a public deposit or make
premature repayment of a public deposit within a period of
three months (lock-in period) from the date of its
4. International Journal of Trend in Scientific Research and Development (IJTSRD) @ www.ijtsrd.com eISSN: 2456-6470
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acceptance, however in the event of death of a depositor,the
company may, even within the lock-in period, repay the
deposit at the request of the joint holders with survivor
clause / nominee / legal heir only against submission of
relevant proof, to the satisfaction of the company. An NBFC
subject to satisfied the above provisions, without any
problem, may permit after the lock-in period premature
repayment of a public deposit at its sole discretion, at the
rate of interest prescribed by the Bank. The prohibitionshall
not. However, apply in the case of death of depositor or
repayment of tiny deposits i.e. up to Rs. 10,000 subject to
lock-in period of 3 months in the latter case.
Conclusion
The Indian economy is going through a period of rapid
'financialisation'. Today, the ’intermediation' is being
conducted by a wide range offinancial institutionsthrougha
plethora of customer friendly financial products. The
segment consisting of Non-Banking Financial Companies
(NBFCs), such as equipment leasing/hire purchase finance
companies have made great strides in recent years and are
meeting the diverse financial needs of the economy. In this
process, they have influenced the direction of savings and
investments. The resultant capital formationisimportantfor
our economic growthand development. Thus, from boththe
macroeconomic perspective and the structure of the Indian
financial system, the role of NBFCs has become increasingly
important. Further, a direct linkage with the SHGs can ever
attract the interest of commercial banks for prolonged
periods. It is more likely that most of the commercial banks
may rely on indirect linkages through NGOs or SHG
federations. At last, for sourcing international funds for
Micro Finance Institutions (MFIs), Reserve Bank of India
internal panel recommended to the government to consider
reducing the threshold limit for Foreign Direct Investment
(FDI) for Non-Banking Finance Companies (NBFC)-Micro
Finance Institutions (MFIs).
References
[1] Arunkumar, B. (2014). Non Banking Financial
Companies (NBFCs): A Review. Indian Journal of
Research. 3 (10). pp. 87–88
[2] Das, S. K. (2016). Performance and Growth of Non-
Banking Financial Companiesas Compared to Banksin
India. International Journal of Multifaceted and
Multilingual Studies. 3 (3). pp. 1–8.
[3] Kaur, H. & Tanghi, B. S. (2013). Non Banking Finance
Companies: Role & Future Prospects. Global Research
Analysis. 2 (8). pp. 125–126.
[4] Kaushal H (2016). Impact of Non-Banking Financial
Companies (NBFCS) in Indian EconomyGrowth. EPRA
International Journal of Economic and Business
Review. [Online]. 4 (3). pp. 90–95. Available from:
http://epratrust.com/articles/upload/13. Dr. H. R
Kaushal.pdfH. R Kaushal EPRAInternationalJournalof
Economic and Business Review.
[5] Makhijani, N. (2014).Non-BankingFinanceCompanies:
Time to Introspect. Analytique. 10 (2). pp. 34–36.
[6] Mondal, S. (2015). Comparison of Growth between
Non-Banking Financial Companies and Banks and
Their Contribution in the Indian Economy.
International Journal of Arts, Humanities and
Management Studies. [Online]. 1 (8). pp. 1–9. Available
from:
http://ijahms.com/upcomingissue/01.08.2015.pdf.
[7] Perumal, A. & Satheskumar, L. (2013). Non Banking
Financial Companies. Asia Pacific JournalofResearch.2
(8). pp. 128–135.
[8] Shakya, S. (2014). Regulation of Non-bankingFinancial
Companies in India: Some Visions & Revisions. 2014.
[9] Sornaganesh, V. &Soris, N.M.N. (2013). AFundamental
Analysis of NBFC in India. Outreach: A Multi-
Disciplinary Refereed Journal. 6 (1). pp. 119–125.
[10] Thilakam, C. & Saravanan, M. (2014). CAMEL Analysis
of NBFCs in Tamil Nadu. International Journal of
Business and Administration Research Review. 2 (4).
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