Based on the experience gained, the RBI would extend the scheme to cover NBFCs
having asset size of Rs.
However, the Non-banking Financial Company - Infrastructure Finance Company (NBFC
-IFC), Core Investment Company (CIC), Infrastructure Debt Fund - Non banking Financial Company (IDF-NBFC
) and an NBFC
under liquidation, are excluded from the ambit of the scheme.
This honour is a reflection of our team's rigorous efforts in scaling data quality to a distinguishable height and setting up a benchmark in the NBFC
industry in India.
The company has maintained its No 1 position and paid the highest dividend in the NBFC
segment and second highest in the banking sector.
Vaidyanathan, Executive Chairman of Capital First, an NBFC
, however, looks at the new institutional framework in a different light.
During the meeting, the Minister was also updated on the two days international NBFC
Conference held last month, and the recommendation put forth by the participants.
licence in the UAE is unusual in allowing holders to offer nearly the same range of products and services as commercial banks.
In case of amalgamation of this NBFC
with another company, you will have to apply again for written permission of the RBI.
We propose that the government announces measures in the budget that would enable NBFCs
to easily mobilise resources from various sources, both domestic and foreign.
The grant of an NBFC
license should have an impact on the AICL proceedings and there are good chances that the matter may get settled soon," said Suprio Bose, Mumbai-based lawyer at Juris Corp.
In the same way, the buying by NBFC
had also witnessed a rise with amount of US$0.
The company's unique distinction being that not only it is the largest NBFC
in Oman with asset size in excess of OMR205 million and leads in all parameters, but it has the lowest non-performing loans among the banking and non-banking sectors, reflecting the highest quality of its portfolio of assets.