Conversion of NBFC into Banks
25
Apr
Conversion of NBFC into Banks Subject: Economy Context: Tightening regulatory norms on non-banking finance companies (NBFCs) Concept: What are NBFCs A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other […]