NBFCs and their role in Economic Development

Non-banking financial companies (NBFC) are companies registered under the Companies Act, 1956. They are responsible for providing financial services but are not regulated by a national or international governing body and do not hold a full-fledged license for conducting operations. The financial services offered by NBFCs include disbursement of loans and advances, acquisition of stocks,…

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Loan defaults and NPA account settlements

In an effort to fulfil their aspirations and desires, people tend to take loans to buy a house, car etc. But for some, repaying these loans often becomes an uphill task. Non-repayment of loans certainly results in consequences for borrowers, more so, it affects the banks’ profitability in an adverse way. While it becomes a…

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10 Advantages of Mobile Banking that Banks Cannot Overlook

Financial institutions are well aware of innovations in financial sector and how it has revolutionised banking practises today. In an effort to reach up to customer’s rising expectations, banks must adapt to the latest innovations. One of the biggest outliers in FinTech sector is mobile banking solutions which are taking over the banking world. The…

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