NBFC

Key Distinctions: Bank vs NBFC

Business11 months ago

Source: Key Distinctions: Bank vs NBFC

Explore the significant variances between banks and NBFCs (Non-Banking Financial Companies) in terms of operations, regulations, and services. Learn how each entity functions and discover which may suit your financial needs better.

7 Key Factors to Consider When Applying for an NBFC License in India

Business1 years ago

Source: 7 Key Factors to Consider When Applying for an NBFC License in India

The NBFCs are the financial companies and they are required to obtain a license. In India, applying for a license is a multi-layered process, that requires you to follow regulatory regulations. However, seven key factors need your focus, like choosing the right business structure, capital requirements, RBI guidelines, and the privacy of the consumer. Let’s explore these factors in detail.