Non-Banking Financial Companies (NBFCs) are entities that are registered under the “Companies Act, 1956” and participate in various financial operations such as loans, securities investments, leasing and insurance. It does not include agriculture, industry, commodity trading, services and real estate transaction institutions.
A company has to fulfill certain conditions to qualify as an NBFC. The financial activity of an institution can be called ‘core business‘ when the financial assets of the company exceed 50% of the total assets and the income from financial assets exceeds 50% of the total income.
The Reserve Bank of India (RBI) registers companies that meet these criteria as NBFCs. The Reserve Bank of India has the competence to register, develop policies, give directions, inspect, regulate, supervise and monitor NBFCs under the RBI Act,1934.
Powered by TOPICFLIX
About the Author
Manish love to write and he is a Civil Servant. Users can follow Manish on Instagram
गांधार मूर्तिकला शैली (Gandhara Sculpture Style)
प्रथम विश्व युद्ध का इतिहास [History of World War I]
प्रथम विश्व युद्ध (World War I) एक वैश्विक संघर्ष था जो 1914 से 1918 तक…
कनिष्क और गांधार कला [Kanishk and Gandhara art]
कुषाण साम्राज्य, कनिष्क के समय उच्चतम शिखर पर पहुंच गया था क्योंकि कनिष्क सहिष्णु और…
Indigo Planters Association : Colonial Economic System in India
During the late 19th and early 20th centuries, British indigo planters in colonial India established…
रामसर कन्वेंशन [Ramsar Convention]
रामसर कन्वेंशन,1971(Ramsar Convention,1971) विश्वभर में फैली हुई नमभूमि (आर्द्रभूमि- Wetlands) और उससे सम्बद्ध जैवविविधता को…
बायोसेंसर क्या हैं [About Biosensors]
यदि आप बायोसेंसर (biosensors) शब्द को “बायो” और “सेंसर” में विभाजित करते हैं तो आपको…