Which activity is permissible for NBFC?
| Q. | Which of the following activity is not permissible for NBFC? |
|---|---|
| B. | acquisition of shares |
| C. | insurance business |
| D. | construction of immovable property |
| Answer» d. construction of immovable property |
What are non fund based activities?
The non fund based financial services of the public sector banks include loan syndication, consultancy and advisory services, capital issue management etc.
What are non-banking services examples?
Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups.
What is meant by non-banking?
a : not licensed as a bank but providing some of the financial services (such as loans or money transfers) that are usually offered by banks Socks and stocks is the nickname for nonbanking companies like Sears that offer financial services. — Time Magazine.
What are the types of non banking financial institutions?
The different types of NBFCs
- Asset Finance Company.
- Loan Company.
- Mortgage Guarantee Company.
- Investment Company.
- Core Investment Company.
- Infrastructure Finance Company.
- Micro Finance Company.
- Housing Finance Company.
What is FB and NFB?
Rating Rationale Fund Based (FB) Non – Fund Based (NFB)
What are the non-fund sources?
III Non-Fund and Fee Based Business for Banks Various Forms of Non-Fund and Fee Based Business of Banks – Remittance, RTGS / NEFT, Locker, Collection of Utility Bills, Collection of Bills, Letter of Credit, Bank Guarantee etc.
What are the bank activities?
Banking Operations: Understanding Various Transactions &…
- Acceptance of Deposits.
- Lending of Funds.
- Clearing of Cheques.
- Remittance of Funds.
- Lockers & Safe Deposits.
- Bill Payment Services.
- Online Banking.
- Credit & Debit Cards.
What is considered an NBFI?
NBFIs are broadly defined as institutions other than banks that offer financial services. The USA PATRIOT Act has defined a variety of entities as financial institutions. Refer to Appendix D (“Statutory Definition of Financial Institution”) for guidance.