Glossary Terms

03

Dec'17

Ponzi schemes

Ponzi Schemes or Money circulation/multi-level marketing/Chain schemes are schemes promising easy or quick money upon enrollment of members. Income under …

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03

Dec'17

NBFC-MFI

An NBFC-MFI is a non-deposit taking NBFC, with Minimum Net Owned Funds of Rs.5 crore (for NBFC-MFIs registered in the …

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03

Dec'17

Infrastructure Finance Company (IFC)

An Investment Finance Company is a non-banking finance company a) which deploys at least 75 per cent of its total …

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03

Dec'17

Asset Finance Company (AFC)

An AFC is a company which is a financial institution whose principal business (more than 60%) is the financing of …

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03

Dec'17

Infrastructure Debt Fund NBFCs

The IDF-NBFCs are NBFCs providing funds to the infrastructure sector. They are sponsored by banks and Infrastructure Finance companies and …

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03

Dec'17

Infrastructure Debt Funds (IDFs)

IDFs are investment vehicles for channelizing investment into the infrastructure sector. Infrastructure Debt Funds are investment vehicles created to channelize …

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03

Dec'17

Residuary NBFCs (RNBFCs)

Residuary Non-Banking Company is a class of NBFCs whose ‘principal business’ is to receive deposits, under any scheme or arrangement …

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03

Dec'17

Core investment company

Core Investment Company is an NBFC with the principal business of acquisition and carrying of shares and other securities of …

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03

Dec'17

Systemically important NBFCs

Systemically important NBFCs are those with an asset size of Rs 500 crore or more. NBFCs-ND are categorized into two …

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03

Dec'17

NBFC – Peer to Peer lending (P2P)

According to the RBI guidelines, ‘Peer to Peer Lending Platform means an intermediary providing the services of loan facilitation via …

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