NBFC cannot undertake Point of Presence services for NPS

NBFC cannot undertake Point of Presence services for NPS

February 18, 2016 The Reserve Bank of India has clarified that the NBFC cannot undertake Point of Presence services for NPS (National Pension System). RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and … Continue Reading →
RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

February 18, 2016 RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127 / 03.10.42 / 2008-09 dated August 14, 2008, DNBS. PD. CC. No. 256 … Continue Reading →
Simple EMI Calculator

Simple EMI Calculator

  Calculates EMI (Equated Monthly Instalment) of Loan / Mortgage. YOU MAY ALSO LIKE: YIELD TO MATURITY CALCULATOR UNIT CONVERSION CALCULATOR RD CALCULATOR TIME DEPOSIT CALCULATOR REAL RATE OF RETURN CALCULATOR IDEAL BODY WEIGHT CALCULATOR SIMPLE INTEREST CALCULATOR INCOME TAX CALCULATOR LOAN TENURE CALCULATOR … Continue Reading →
Mortgage Calculator

Mortgage Calculator

. Mortgage Calculator Calculates monthly payment for a mortgage taking into account taxes and insurance YOU MAY ALSO LIKE: YIELD TO MATURITY CALCULATOR UNIT CONVERSION CALCULATOR RD CALCULATOR TIME DEPOSIT CALCULATOR REAL RATE OF RETURN CALCULATOR IDEAL BODY WEIGHT CALCULATOR SIMPLE INTEREST CALCULATOR INCOME TAX … Continue Reading →