Question
Non-Banking Financial Companies (NBFCs) are the
Financial Intermediaries engaged primarily in the business of i. Accepting Deposits ii. Lending loans and advances iii. Leasing iv. Hire purchasingSolution
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of the immovable property.
According to the NSO, the Nominal GDP or GDP at Current Prices in Q1 2022-23 is showing the growth of ____ %.
The South Indian Bank bagged a world record for staging the highest “101 Oonjals” to celebrate unity and prosperity during the ongoing festival seas...
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