NBFC

Shishu, Kishore and Tarun in Mudra Bank

August 22, 2015

Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out with a legislation to convert the NBFC...

Types of Non-Banking Financial Companies (NFBC)

May 29, 2015

All NBFCs are either deposit taking or Non-deposit taking. If they are non-deposit taking, ND is suffixed to their name (NBFC-ND). The NBFCs which have asset size of Rs.100 Crore or more are known as Systematically Important NBFC. They have been classified so because they can have...

Small Finance Banks

April 26, 2015

On 27 November 2014, RBI had released the guidelines on Small Finance Banks along with the Payment Banks. The objective of small finance banks is to further financial inclusion by providing: Basic banking facilities to the unbanked and thereby boosting saving habits. Supply of credit to small...

Non-Operative Financial Holding Company

April 24, 2015

In February 2013, RBI had issued final guidelines to apply for new banking licenses in the private sector. Under these guidelines, RBI said that the entities or groups in the private sector, entities in public sector and Non-Banking Financial Companies (NBFCs) can set up a bank, which...

Review of Guidelines on Licensing of New Banks in Private Sector

April 24, 2015

In 1993, Reserve Bank of India came up with its new guidelines regarding entry of the private sector in Banking. On the basis of these guidelines, RBI issued licenses to Nine banks. Later, two more banks were given license. One was Yes Bank and another was Kotak...

How RBI regulates Foreign Banks ?

April 28, 2011

On February 28, 2005, RBI had released a road map for the presence of foreign banks in India. This was the first ever documented policy on foreign banks in India. This road map suggested two phases. During the first phase between March 2005 to March 2009; the...

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