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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 ...
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]
Bhartiya Samruddhi Investments and Consulting Services Ltd. (BASICS Ltd), is the holding company through which equity and debt investments are made in the group companies. It set up two fund based companies - Bhartiya Samruddhi Finance Ltd, a micro-finance NBFC in 1997 and Krishna Bhima Samruddhi Local Area Bank Ltd in 2001.
Satin Creditcare Network Limited is a non-banking finance company (), licensed by the Reserve Bank of India.It was founded in 1990 by Mr. H P Singh. [1] The company's offers financial requirements for excluded households at the bottom of the pyramid.
In contrast, until 2006, NBFCs-ND were subject to minimal regulation. Since April 1, 2007, non-deposit taking NBFCs with assets over €1B are classified as systemically important. Prudential regulations, such as capital adequacy requirements and exposure norms with reporting requirements, apply to these companies.
This is a non-exhaustive list of prominent companies based in Hyderabad, Telangana (i.e. having their headquarters in Hyderabad). Adyar Ananda Bhavan; Aurobindo Pharma [1] Biological E. Limited; Bharat Biotech [2] Brightcom Group; Cyient; Central Institute of Tool Design; Deccan chronicle; Divi's Laboratories [3] Dr. Reddy's Laboratories [4]
A professional management team guided by the Board of Directors runs the Bank. DCB Bank’s business segments include Retail, micro-SME, SME, mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). It has approximately 2.5 million customers.
In February 2012, the Reserve Bank of India (RBI) issued a warning to the general public against keeping deposits with Manappuram Finance. [8] In response, the company announced an immediate compliance to any of RBI's concerns and decided to constitute an independent committee under the chairmanship of Jagdish Capoor (former Deputy Governor of RBI and former chairman of HDFC Bank) to review ...