Non-Banking Financial Companies

Higher Education Financing Agency (HEFA)

May 7, 2016

Higher Education Financing Agency (HEFA) is a proposed not-for-profit agency with initial capital base of Rs. 1000 Crore. It was announced in Union Budget 2016-17. Organization The HEFA will be set up with joint participation by the government and philanthropic donors. It would be set up under...

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...

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