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.
Consider the following statement/s about Companies Act 2013:
1. It received presidential assent on 29 August 2013.
2. It superseded the Co...
For Systemically Important Core Investment Companies (NBFC -CIC- SI), the asset size is Rs _______ crore.
For grant of Miniratna Category-I status to Central Public Sector Enterprises (CPSEs), the CPSEs have made profit in the last ______ years continuously.
In which type of tax is the marginal tax rate higher than the average tax rate?
Which payments bank has partnered with Mastercard Center and Frontier Markets to launch She Leads Bharat:Udyam, an initiative to elevate 100,000 women...
Which bank has entered into a co-lending partnership with Kisetsu Saison Finance (India) Private Limited, focusing on providing competitive MSME Loans &...
The main objective of _______ is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international...
How much additional funding has been allocated to the Fund of Funds for Startups (FoF) by SIDBI?
__________Â has partnered with HSBC to advance green hydrogen production aiming to to improve efficiency, cost-effectiveness, and scalability of green ...
Which of the following are financial institutions which ensure adequate credit for agriculture and other rural sectors?