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NBFC and MFI in India. 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 ...
43,500 (2024) Website. www.aubank.in. 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 ...
Non-bank financial institution. A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that is not legally a bank; it does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as ...
The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Foreign Exchange Management Act, 1999; Payment and Settlement Systems Act, 2007; Credit Information Companies ...
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$42 billion), as of June 2024. [9]
Website. www.cholamandalam.com. 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. As of 2024, the company has 1,387 branches across the country [1] and more than 54,000 ...
1038 (2015) [2] Website. bfil.co.in. 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] The company's mission is to provide financial ...
2023 - The bank secured exclusive sponsorship rights for all Board of Control for Cricket in India's international and domestic home matches. [70] [71] Also, it became the top 10 most valuable publicly traded banks in India, with a market capitalization of Rs 66,386.78 crore. [72] [73] 2023 - Launched a UPI-based digital RuPay credit card. [74]