NBFC

[sneha_joshi]

I want the comparative analysis of NBFC in India

[Kalpana Heliya]

Originally Posted by sneha_joshi

I want the comparative analysis of NBFC in India

Attaching pdf on NBFC here:

Objectives of the Study

The financial performance of 10 leasing companies has been examined at
disaggragate level and compared with other groups of NBFCs for a period of 1985-90.

[Kalpana Heliya]

Please find from the attached PDF: ROLES AND REGULATION OF NBFC

[Kalpana Heliya]

RBI approval will be required for acquisition/transfer of control of NBFCs accepting deposits from 17th Spet 2009:

This is the notification released by (A Narayana Rao) Chief General Manager-in-Charge ( RBI )


Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial company shall not be prejudicial to the public interest or the interests of its depositors.

2. To enable RBI to verify that the 'fit and proper' character of the management of NBFCs is continuously maintained, it has been decided that any take over / acquisition of shares of a deposit taking NBFC or merger/amalgamation of a deposit taking NBFC with another entity or any merger/amalgamation of an entity with a deposit taking NBFC that would give the acquirer / another entity control of the deposit taking NBFC, would require prior permission of RBI.

3. Applications in this regard may be submitted to the Regional Office of the Department of Non-Banking Supervision in whose jurisdiction the Registered Office of the Company is located.

4. Notification No.DNBS(PD) 208 /CGM(ANR)/2009 dated September 17, 2009 issued in this regard by Reserve Bank in exercise of powers under Sections 45K and 45L of the RBI Act, 1934 is enclosed for meticulous compliance.



e hoping for more discussions/ issues on NBFC here

[sneha_joshi]

Thanks kalpana for sending such important information

[Kalpana Heliya]

Originally Posted by sneha_joshi

Thanks kalpana for sending such important information

You are always welcome Sneha... Help others and Help yourself!!