Non-banking Financial Institutions carry out financing activities but their resources are not directly obtained from the savers as debt. Instead, these Institutions mobilize the public savings for rendering other financial services including investment. All such Institutions are financial intermediaries and when they lend, they are known as Non-Banking Financial Intermediaries (NBFIs) or Investment Institutions. Apart from these NBFIs, another part of Indian financial system consists of a large number of privately owned, decentralized, and relatively small-sized financial intermediaries. Most work in different, miniscule niches and make the market more broad-based and competitive. While some of them restrict themselves to fund-based business, many others provide financial services of various types. The entities of the former type are termed as "non-bank financial companies (NBFCs)". The latter types are called "non-bank financial services companies (NBFCs)". Post 1996, Reserve Bank of India has set in place additional regulatory and supervisory measure that demand more financial discipline and transparency of decision making on the part of NBFCs. NBFCs regulations are being reviewed by the RBI from time to time keeping in view the emerging situations. Further, one can expect that some areas of co-operation between the Banks and NBFCs may emerge in the coming era of E-commerce and Internet banking. ? The RBI regulates NBFCs engaged in Equipment leasing, hire purchase finance, loan and investment, residuary non-banking Companies (RNBCs) and the deposit taking Activity of miscellaneous non-banking Companies (chit funds). With the amendment Of the RBI Act in 1997, it is obligatory for NBFCs to apply for a certificate of registration (COR). As at the end of June, 2004, the RBI Received 38,050 applications for registration. Out of these, the RBI approved 13,671 Applications, including 584 applications of Companies authorized to accept public Deposits. The supervisory role of the RBI Encompasses on-site inspection, off-site Monitoring, market intelligence and exception Reports of statutory auditors.
[...] Business operations and financial performance of different types of NBFIs are driven mainly by sector-specific factors In the pre-independence era, capital it was hard to mobilize capital for the populace of the non-metropolitan areas. Vijayawada was no exception. The local sources of capital were the numerous money lenders in the region lending small amounts of money to borrowers. The local zamindars in Challapalli or Nuzvid were the only large lender. Money could be raised either from relatives or Vysya (also referred to as Komatis in Andhra Pradesh) traders. [...]
[...] Indiabulls Financial Services 23 November Amit Talgeri (Chief Operating Officer): He is a management graduate with over 12 years of experience in consumer finance. Prior to joining Indiabulls, Amit was Head Retail Credit and Securitization in HDFC Bank. He has also worked for Bank of America and HDFC Ltd. III. DATA ANALYSIS & INTERPRETATION Financials of India Bulls The Board of Directors of Indiabulls Financial Services Limited at their meeting held on April 24th approved the audited results for the quarter and year ended March 31st The Board has also recommended a dividend of Rs per share (425% on face value of Rs per share), subject to approval of the shareholders of the Company, at it ensuing Annual General Meeting. [...]
[...] The RBI is planning to hold discussions with the NBFCs in regard to their plan of action for voluntarily phasing out acceptance of deposits, in line with the international practice OBJECTIVES OF THE STUDY The objective of the study of the performance of non-banking financial institution is to analyze the financial performance. To create the prospective financial statements. To perform a number of related internal and external consulting engagements. To highlight on the financial projections and cash flow planning reports. [...]
[...] The Task Force on NBFCs appointed by the Government of India submitted its report in October which recommended rationalization of regulations for NBFCs NBFCs with net owned fund (NOF) of less than Rs lakh (with or without credit rating) are not entitled to accept public deposits (as hitherto). The unrated and underrated (rating below the minimum investment grade) NBFCs in the category of equipment leasing and hire purchase finance companies with NOF of Rs lakh and above are allowed to accept public deposits up to 1.5 times of their NOF or Rs crore, whichever is less, provided their CRAR is 15 per cent or above as per their last audited balance sheet. [...]
[...] Having such type of products as below SME Loans Commercial Vehicle Loan Insurance Distribution Home Loans Loan Against Property Indiabulls is into Real Estate Sector & Securities as well SME LOANS India Bulls being a retail focused organization fulfills the credit need of a large percentage of population in India. The key aspect of Indiabulls business model is to provide an extremely unique customer experience. The blend of power of the Internet with personalized services allows Indiabulls to expand its geographical coverage and capture a greater share in the highly competitive retail market. [...]
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