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Eversource-promoted Accretive Cleantech Finance Private Ltd, operating as Ecofy has received regulatory approval from the Reserve Bank of India (RBI) to operate as a non-deposit taking non-banking financial company (NBFC). This makes Ecofy one of its kind green retail NBFC in the country. Ecofy will lend to individuals and small businesses to accelerate the transition towards a net zero carbon world. The company will offer financial solutions for green asset classes such as electric vehicles (two and three-wheelers), rooftop solar and energy-efficiency SMEs.
Which portal monitors outstanding dues to MSEs?
GeM portal deals with?
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
According to RBI’s KYC Directions, which account type can have relaxed identification requirements under specific circumstances?
What is the role of the Financial Action Task Force (FATF) in the context of global financial regulations?
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
In cases where REs are unable to meet Customer Due Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended actio...
The digital payment system UPI, has been developed by which of the following institutions?
In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?
What is the primary role of the Central KYC Records Registry (CKYCR)?