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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 ...
They can select and apply for preferred banks through this portal. Under the portal entrepreneurs can apply for loan without physically visiting any bank branches and can select from over 1 lakh bank branches, track their application status and avail multiple loan benefits. It also has facility for uploading all necessary documents.
In 2013-14, the Reserve Bank of India reclassified VFSPL as an NBFC-MFI. [8] In 2017-18, Village Financial Services Pvt Ltd became Village Financial Services Ltd and got its first private equity (PE) funding. In 2018-19, VFS saw its assets under management cross Rs 1,000 crore. The company has been included in academic studies of micro finance.
The name is a shortened version of the long-form Made for iPod, the original program that ultimately became MFi. The MFi program covers various device connectors including the headphone jack, original dock connector and the newer Lightning connector, as well as AirPlay support. Companies joining the MFi program and passing certification tests ...
Incorporated on 17 April 2017, It was founded by Mr. Amit Sharma (CEO & MD - Satin Housing Finance Limited) as a wholly owned subsidiary company of Satin Creditcare Network Limited, Satin Housing Finance Limited has a registered office in New Delhi. Satin Housing Finance Limited provides long-term finance for the purchase, construction ...
The microfinance business was originally established as a division of Muthoot Fincorp Limited in 2010. [11] [12] In December 2011, the Muthoot Pappachan Group acquired Pancharatna Securities Ltd, a non-banking financial company (NBFC) based in Mumbai, and subsequently rebranded it as Muthoot Microfin Limited (MML).
Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India.It was founded in 1997 by Vikram Akula, who served as its executive chair until working. [3]
Monetary Financial Institutions (MFIs), as in a definition provided by the European Central Bank, are defined as central banks, resident credit institutions as defined in Community Law, and other resident financial institutions whose business is to take deposits or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant ...