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Non-Banking Financial Company (NBFC) is [1] a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business is that of agriculture, industrial activity, purchase or sale of any goods (other than ...
The Small Farmers Agribusiness Consortium (SFAC) is government owned organization in India, it was established to promote the interests of small and marginal farmers by facilitating their integration into the agribusiness sector. [2]
Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$41 billion), as of June 2024.
After the Satyam scandal took place in 2009, the Standing Committee on Finance proposed the concept of the National Financial Reporting Authority (NFRA) for the first time in its 21st report. [3] Companies Act 2013, then gave the regulatory framework for its composition and constitution. The Union Cabinet approved the proposal for its ...
AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank [2] and India’s largest [3] tech-led [4] small finance bank, based in Jaipur.It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017.
Download as PDF; Printable version; ... IDFC reverse merged with IDFC First Bank on 1 October 2024. [4] Company history ... (NBFC). In the year 1999 the ...
In this report, the lack of regulation in this area was claimed to be one reason for the 1997 Asian financial crisis. As of 2019, China's banking system is estimated to hold the equivalent of $8.3 trillion USD in assets (or approximately 20% of total bank assets) largely in the form of loans wrapped by NBFI investments.
Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian non-banking financial company and investment service provider, headquartered in Chennai. [3] [4] Established in 1978, it is a part of the Murugappa Group.