Non-Banking Financial Company – Factors (NBFC-Factors)
NBFC-Factor is a non-deposit taking NBFC engaged in the principal business of factoring. The financial assets in the factoring business …
Read MoreNBFC Account Aggregators
NBFC Account Aggregator is a financial entity that function as an account aggregator (for NBFC customers), who will provide information …
Read MoreShadow banks
Shadow banking is that part of the financial system where ‘credit intermediation involving entities and activities remains outside the regular …
Read MoreNon-Banking Financial Companies(NBFCs)
Non-Banking Financial Companies are financial institutions engaged in several non-banking businesses like hire purchase, leasing, microfinance, chit fund, gold loan …
Read MoreKnow Your Client (KYC) norms
This is information that should be submitted by participants including customers in the stock market. The KYC norm is administered …
Read MoreKnow Your Customer (KYC) norm
KYC stands for ‘Know Your Customer’. It is a process by which banks obtain information about the identity and address …
Read MorePradhan Mantri Jan-Dhan Yojana (PMJDY)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for financial inclusion launched on 28th of August 2014. Its primary objective …
Read MoreLocal Area Banks (LABs)
Local Area Banks (LABs) were established in 1996 as local banks in the private sector with operation over two or …
Read MoreService Area Approach (SAA)
The Service Area Approach (SAA) was a scheme launched by the RBI in 1989 for an orderly development of the …
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