Company engaged in business of loans and advances, accusition of share bonds, g secs, stocks but does not include institution whose primary business is of agriculture, industrial activity and sale and purchase or construction of immovable properties.
1. can not accept demand deposit ( saving and current a/c can't be open with NBFC)
2. can't issue check drawn on itself.
3. deposit insurance credit guarantee corporation is not available.
4. maximum interest rate of 12.5% for minimum 12 months and maximum 60 months.
5. have to maintain SLR.
1. can not accept demand deposit ( saving and current a/c can't be open with NBFC)
2. can't issue check drawn on itself.
3. deposit insurance credit guarantee corporation is not available.
4. maximum interest rate of 12.5% for minimum 12 months and maximum 60 months.
5. have to maintain SLR.
CTS
started in delhi ( 2006) , bengalore ( 2010), chennai ( 2009).
to be implemented from 1st april 2013.
improvements........
1. watermark CTS INDIA can be seen only under light.
2. pantograph with hidden void not visible in scanned image at resolution set by cts but visible in scanned
images at any other resolution.
Sir Will u please ellaborate CTS more... plz especially mention it full form
ReplyDeleteThanks For Sharing very informative and valuable nbfc software information........
ReplyDeleteCall for Enquiry at any time or Free Demo..
Mobile: +91-9799950666 /555/444
NBFC Software | Gold Loan Software | Mortgage Loan Software
Nice information .Thanks for sharing.....
ReplyDeleteAre you looking for a Best Reliable NBFC Software for Your Concept??
If yes, Then your search will complete here..
Call for Inquiry at any time or Free Demo..
Mobile:+91-9799950444/666
Financial management software
Non Banking software allows people to evaluation dealings downloadable from several banking organizations and handle them all against their electronic budget while using their smart phone or computer from any location.
ReplyDeleteVery informative article, As we know NBFC Can do wealth management such as managing portfolios of stocks and shares, so to simplify the borrowing experience you can check our "Cloud Based NBFC Loan software" and also we have a blog written on RBI guidelines on NBFC companies, we hope it will be helpful for your users as well.
ReplyDeleteRBI on Non Banking Finance Company
Cloud Based NBFC Software