Page-3 of NBFC Current Affairs, GK & News

Partial Guarantee Scheme for NBFCs

In order to address the liquidity issues haunting the NBFC’s, the government has announced Rs 1-lakh crore Partial Guarantee Scheme for NBFCs and HFCs (non-banking and housing finance companies). Partial Guarantee Scheme Under the Scheme, public-sector banks will purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). To purchase high-rated pooled assets of ..

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Tapan Ray Committee on Core Investment Companies

The Reserve Bank of India (RBI) has formed a committee headed by Tapan Ray to review regulatory guidelines and supervisory framework applicable to core investment companies (CICs). What is core Investment Company? RBI defines Core Investment Company (CIC) as a non-banking financial company which undertakes the business of acquisition of shares and securities and which ..

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Regulation of Housing Finance Corporations

The Central Government of India may give the power to regulate the various housing finance corporations (HFCs) in the country to the Reserve Bank of India (RBI). The inclusion of RBI in the regulatory role would mean stringent asset quality reviews for the HFCs. RBI would force the HFCs to face high scrutiny and it ..

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What is RBI’s Complaint Management System?

The Reserve Bank of India (RBI) has launched Complaint Management System (CMS), on its website for facilitating RBI’s grievance redressal process. About CMS It is a software application launched by RBI for lodging complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks (UCBs), Non-Banking Financial Companies (NBFCs). Objective: To ..

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RBI launches Single Window Portal for Customer Complaints

The Reserve Bank of India (RBI) has launched a single window portal, Complaint Management System for addressing customer complaints relating to banks and non-banking finance companies (NBFCs) through an online portal. Complaint Management System The Complaint Management System (CMS) is a software application of the RBI to facilitate RBI’s grievance redressal process. Complaints can be ..

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On Tap Licence for Small Finance Banks

The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..

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