Finance

An escrow account is a tem­po­rary pass through account held by a third par­ty dur­ing the process of a transaction

The NBFCs accept­ing pub­lic deposits should fur­nish to RBI Annu­al return of crit­i­cal para­me­ters by a reject­ed com­pa­ny hold­ing pub­lic deposits

When an NBFC fails to repay any deposit or part there­of in accor­dance with the terms and con­di­tions of such

An unrat­ed NBFC, except cer­tain Asset Finance com­pa­nies (AFC), can­not accept pub­lic deposits. An excep­tion is made in case of

While mak­ing deposits with an NBFC, the fol­low­ing aspects should be borne in mind: A prop­er deposit receipt is issued, giving

Can all NBFCs accept deposits? All NBFCs are not enti­tled to accept pub­lic deposits. Only those NBFCs to which the

NBFCs are cat­e­go­rized a) in terms of the type of lia­bil­i­ties into Deposit and Non-Deposit accept­ing NBFCs, b) non deposit

In terms of Sec­tion 45-IA of the RBI Act, 1934, no Non-bank­ing Finan­cial com­pa­ny can com­mence or car­ry on business

NBFCs lend and make invest­ments and hence their activ­i­ties are akin to that of banks; how­ev­er there are a few

A Non-Bank­ing Finan­cial Com­pa­ny (NBFC) is a com­pa­ny reg­is­tered under the Com­pa­nies Act, 1956 engaged in the busi­ness of loans