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corpbiz17

How is an NBFC different from a Bank - 0 views

shared by corpbiz17 on 28 Jul 20 - No Cached
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    NBFC is a financial institution that caters to the needs of the unorganised sections of the society by providing them loans and advances. They provide services similar to a bank but do not require a banking license for it. NBFCs are regulated under the Companies Act 2013 & RBI Act, 1934 whereas Banks are regulated under the Banking Regulations Act, 1949. Banks do require a valid banking license to continue with its services whereas with NBFC Registration, one has to obtain an NBFC license to continue with services. https://corpbiz.io/nbfc-registration
a247jobsonline

Best NBFC Stock In India To Buy in 2024 - 0 views

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    Here is the list of best nbfc stock in India to buy in 2024 are: 1). Bajaj Finance Limited, 2). Muthoot Finance Limited, 3). Shriram Finance Limited, 4). Indian Railways Finance Corporation Limited
coachvk97

Things to know about the Credit Bureaus and Credit Scores in India - 0 views

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    Credit Bureaus are repository of information related to past usage of credit by borrowers. Based on this information, individuals are assigned credit scores considering various factors. Know the different Credit Bureaus in India and the credit score methodology.
coachvk97

Does Applying for Loans Affect Your Credit Score? - 0 views

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    Constantly applying for loans counts as hard enquiry, which brings down your credit score. Even if you are approved for the loan, for a while your credit score will take a hit, but it can increase once you make consistent payments on your loan.
coachvk97

Moratorium Period Extended for 3 More Months: 5 Things You Must Know - 0 views

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    RBI has announced the extension of the Moratorium period for up to 31st of August. In case you have planned to extend the same for the next three months, you must read ahead to know how it will impact your financial health.
coachvk97

Why You Should Check Your Credit Score Regularly? - 0 views

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    Your credit score is the final result of all your financial activities over a period. it determines your loan eligibility, interest rate, tenure etc. So it is important to check your score regularly.
coachvk97

Should You Build Your Credit Or Pay Off Your Debt First? - 0 views

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    Whenever you come across a bonus or any other lump sum payout, there comes the sweet dilemma. 'Do I save it or pay off some debt?'. Both options are important and require some consideration before making a decision.
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