Over the years, Non-Banking Financial Companies has gained a significant role in providing affordable financial services and constitute an integral part of the financial system in India. Despite sluggish economic growth NBFCs have been gaining market share.
With the growing demand of NBFCs, it has a separate Department of Non-Banking Supervision which is entrusted with the responsibility of regulation and supervision of NBFC.
According to RBI Cheap Under Armour Curry Shoes , an NBFC is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares Cheap Curry 6 Shoes , stocks, bonds, debentures or securities issued by Government or local authority or other marketable securities. The operations of NBFC are regulated by RBI within the framework of the Reserve Bank of India Act Cheap Curry 5 Shoes , 1934 (Chapter III B).
NBFC in India
NBFC are involved in raising funds from the public whether directly or indirectly and lending to ultimate spenders. They provide loans to the various wholesale and retail traders, small-scale industries and self-employed persons. Gradually, they are being recognized as complementary to the banking sector in reaching out credit to the unorganized sector especially MSME due to the following benefits:
· strong risk management capabilities to check and control bad debts;
· customer-oriented services;
· simplified procedures;
· attractive rates of return on deposits;
· timeliness in meeting the credit needs of different sectors and many others
Types of NBFC 1. Liabilities based NBFC · NBFC having Public deposits (NBFC-D)
· NBFC not having public deposits (NBFC-ND)
2. Asset-based Classification
Asset finance Company: The main business is to finance assets such as machines Cheap Curry 4 Shoes , equipment,Investment Company: A Company whose principal business is the acquisition of securitiesLoan Company: A Company whose principal business is to make loans and advances (not for assets but for other purposes such as working capital finance etc.)Infrastructure Finance Company(IFC): A Company having a min net owned fund of 300 crores which deploys at least 75% of its total assets in infrastructure loansNBFC factor: An NBFC-Factoring company having a minimum Net Owned Fund (NOF) of Rs. 5 Crore and its financial assets in the factoring business should constitute at least 75 percent of its total assets and its income should not be less than 75 percent of its gross incomeMicro Finance institution (NBFC-MFI): NBFC accepting non-deposit which has at least 85% of its assets in the form of microfinance which provides a loan to those whose annual income in rural areas doesn’t exceed 60,000 and 1 Cheap Curry 3 Shoes ,20,000 in urban areasInfrastructure Debt Fund(NBFC-IDF): NBFC accepting non-deposit having min net owned fund of 300 crores and invests only in Public-Private Partnerships (PPP) and post-commencement operations date (COD) infrastructure projects which have completed at least one year of satisfactory commercial operation and becomes a party to a Tripartite Agreement. 3. Size based Classification Core Investment Company: A NBFC with asset size of 100 crores and above and carrying on a business of acquisition of shares and securities satisfying the condition that it deploys 90% of its net assets in the form of investment in equity shares, preference shares Cheap Curry 2 Shoes , bonds, debentures, debt or loans in group companies out of which 60% should be invested in equity shares including instruments compulsorily converted into equity shares .
Your resume is your sales letter. It may not get you the job. But it must get you an interview. The resume should be written to arouse the interest of the employer so that you get your appointment for an interview. This is the primary purpose of a resume. Here are ten golden rules to follow in creating a very powerful resume.
1. While writing a resume you should keep in mind that it is written with the purpose of getting a specific job. This will focus your resume on the requirements of the job and then match your experience and abilities to fulfill the requirements of the job.
2. A powerful resume will be concise and to the point. Care must be taken not to include anything that comes to mind and it is not essential to include everything about you. It is not your autobiography. Every line Cheap Curry 1 Shoes , every word needs to be evaluated whether they are highly relevant to the job description. You only have few seconds to impress the employer. Within those few seconds you must convey what you do and what are your credentials for the job.
3. A powerful resume starts with an Objective statement. The objective statement should be simple and straightforward. It should state preferably in one or two short sentences the position you are applying for and how you will benefit the employer. The resume must be tailored to the job description. While it may not be possible to write a resume for every job, it is desirable. Otherwise have several resumes with different objective statements.
4. Use plenty of action words in designing a powerful resume. Action words make your resume more interesting, make you look more dynamic.
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