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How Low cost borrowing helping NBFCs

Borrowing costs for India’s top-rated shadow financiers declined last month, indicating that the nation’s prolonged credit crisis may be seeing some improvement.. "The worst seems to be over for shadow banks that have survived one of the longest credit crises in India," said Madan Sabnavis, chief economist at Care Ratings

By |2020-02-10T12:08:15+05:30February 10th, 2020|Technology|0 Comments

How can a foreigner open a company in the India

The steps to open a small company as a foreigner is the same as opening a small company as a citizen.  You can invest in a business you create in the India without being a Indian citizen.  The only difference is whether you have a right to work in the India or not and

By |2020-01-12T12:55:59+05:30January 12th, 2020|Design, Technology|0 Comments

RBI governor Says low rate funds for performing NBFCs

Reserve Bank Governor Shaktikanta Das on Thursday said the market had differentiated between the good and not-so-good non-banking financial companies (NBFCs) and the better-performing firms were able to access funds at pre-IL&FS rates. Currently, “good NBFCs” are able to raise three months commercial paper (CP) at 5-6 per cent interest rate, but the not-so-good

By |2019-12-10T15:51:49+05:30December 9th, 2019|Accounting Services, Company Formation in India, Company Incorporation, Company Registration in Hong Kong, Design, Technology|Comments Off on RBI governor Says low rate funds for performing NBFCs

Partial Credit Guarantee Scheme

In pursuance of the announcement made in the Union Budget 2019-20 presented by the Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman, the Government has issued a scheme regarding partial credit guarantee on 10.8.2019. The Scheme would enable the public sector banks (PSBs) to purchase pooled assets of financially sound NBFCs amounting to Rs.

By |2019-12-12T10:49:49+05:30January 19th, 2016|News, Technology, Wordpress|0 Comments