Question
Recently which of the following enterprises has
received the approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations?Solution
Piramal Enterprises Headquarters: Mumbai Founder: Ajay Piramal Piramal Enterprises has received the approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations. The license is for initiating an NBFC not accepting public deposits. Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business.
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The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium paymen...
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What is the abbreviation of ADB in insurance?
