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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 immovable property. NBFCs will be classified into four categories – base, middle, upper and top layers. The regulatory structure for NBFCs comprises four layers based on their size, activity, and perceived riskiness. The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks.
ABC Ltd has made purchases of Rs.100,000 during the year. The balance sheet shows an average accounts payable balance of Rs12,000. ABC Ltd payable payme...
Which of the following term describes the concealment of shortage by delaying the recording of cash receipts?
In which of the following situation will a call option will be called “out the money”?
Why is confidentiality an ethical principle in business?
Which instrument represents the ownership of a company in the capital market?
Which of the following derivative instrument is a type of financial derivative in which fixed payments of interest are exchanged by two counterparties f...
For issuing sweat equity shares, which of the following statements accurately reflects the conditions that must be fulfilled?
Which of the following are the difference(s) between swaps and futures contracts?
1. Swaps are typically short term, whereas futur...
Which of the following two Russian Bank are the first foreign lenders to have received approval from the RBI towards settling international trade transa...
Cash flow from financing activities is a section of a company's cash flow statement , which shows the net flows of cash that are used to fund the comp...
