Learn the step-by-step procedure for NBFC Registration in India and how to get your NBFC License approved by RBI. This video covers everything you need to become an RBI Registered NBFC, from eligibility to documentation and compliance. Perfect for startups and financial entrepreneurs!

More Info: https://enterslice.com/nbfc-registration

Learn about the Role of Third-Party Agencies in NBFC Debt Recovery in this detailed blog. Discover how these agencies help NBFCs manage collections, reduce risk, and improve recovery processes for outstanding loans.

http://www.edypa.in/blog/role-of-third-party-agencies-in-nbfc-debt-recovery

Invoice Factoring Market Set to Reach USD 4.55 Billion by 2030, Growing at a CAGR of 10.11%


#InvoiceFactoring #FinancialServices #SMEFinance #WorkingCapital #InvoiceFinancing #MarketResearch #BusinessGrowth #CashFlow #NBFC #FactoringIndustry #SMEs #GlobalTrade #DigitalFactoring



https://www.maximizemarketresearch.com/market-report/invoice-factoring-market/168342/

Reserve Bank of India has released the Annual Report of the Ombudsman Schemes for 2020-21, which has been prepared for the 9-month period (July 1, 2020 to March 31, 2021) in alignment with the change in the Financial Year of RBI from ‘July – June’ to ‘April – March’ with effect from July 1, 2020. The Annual Report covers the activities under the Banking Ombudsman Scheme, 2006 (BOS), the Ombudsman Scheme for Non-Banking Financial Companies, 2018 (OSNBFC) and the Ombudsman Scheme for Digital Transactions, 2019 (OSDT).

Finance Industry Development Council (FIDC), which is a representative body of asset and loan financing NBFCs, has announced fresh appointments to its board of directors.
Kamlesh Gandhi, CMD of MAS Financial Services has been appointed as Co-Chairman, FIDC in addition to Umesh Revankar, CEO and MD of Shriram Transport Finance Group. Sanjay Chamria has resigned as the Co-Chairman and Director, FIDC.

Earlier this week, India's central bank released a prompt corrective action (PCA) framework for non-banking finance companies (NBFCs) as it seeks to align regulation governing the country's shadow lenders with those of commercial banks.
A notification on the Reserve Bank of India's (RBI) website stated that the new framework will come into effect from October 1, 2022.

Reserve Bank of India (RBI) on November 15 introduced internal ombudsman mechanism for select-NBFCs.
RBI has directed deposit-taking NBFCs (NBFCs-D) with or more branches and Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs 5,000 crore and above having public customer interface to appoint Internal Ombudsman (IO) at the apex of their internal grievance redress mechanism within a period of six months.
Certain NBFCs not having public customer interface and certain types of NBFCs, viz., standalone Primary Dealers (PDs), NBFC - Infrastructure Finance Companies (NBFC-IFCs), Core Investment Companies (CICs), Infrastructure Debt Fund - Non-Banking Financial Companies (IDF-NBFCs), Non-Banking Financial Company – Account Aggregators.

The leading power sector NBFC, Power Finance Corporation Ltd (PFC), successfully issued its maiden Euro Green Bond. The 7-year Euro 300 million Bond has been priced at 1.841 per cent. This Euro Green Bond is the first-ever Euro denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC. With the issuance, PFC has also forayed into the European market for its international fundraising.
https://currentaffairs.adda247.com/power-finance-corporation-issues-indias-first-ever-euro-green-bond/

The leading power sector NBFC, Power Finance Corporation Ltd (PFC), successfully issued its maiden Euro Green Bond. The 7-year Euro 300 million Bond has been priced at 1.841 per cent. This Euro Green Bond is the first-ever Euro denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC. With the issuance, PFC has also forayed into the European market for its international fundraising.
https://currentaffairs.adda247.com/power-finance-corporation-issues-indias-first-ever-euro-green-bond/