Category: Finance

RBi’s Direction on Peer to Peer Lending Platforms

What is Peer to Peer Lend­ing Plat form: Peer-to-peer lend­ing (P2P lend­ing) is also known as Crowd Lend­ing. Its is a way of prac­tice of lend­ing mon­ey to indi­vid­u­als or busi­ness­es most­ly through online ser­vices that match lenders with bor­row­ers. Its basi­cal­ly a match…

What is Escrow Agent

Escrow Agent is a trust­ed third-par­­ty which holds an asset or doc­u­ment on behalf of a first-par­­ty for deliv­ery to ben­e­fi­cia­ry after a spec­i­fied time frame or upon the occur­rence of a con­di­tion or event spec­i­fied in the escrow agree­ment. Share…

What is an Escrow Account

An escrow account is a tem­po­rary pass through account held by a third par­ty dur­ing the process of a trans­ac­tion between two par­ties. Def­i­n­i­tion: An escrow account is a tem­po­rary pass through account held by a third par­ty dur­ing the…

Different types/categories of NBFCs registered with RBI

NBFCs are cat­e­go­rized a) in terms of the type of lia­bil­i­ties into Deposit and Non-Deposit accept­ing NBFCs, b) non deposit tak­ing NBFCs by their size into sys­tem­i­cal­ly impor­tant and oth­er non-deposit hold­ing com­pa­nies (NBFC-NDSI and NBFC-ND) and c) by the…