Pankaj Tyagi

Digital transactions have completely revolutionized the way we will deal with our payments today. After demonetization, the Indian government pays extra attention to digital payment to strengthen the economy. It’s safe to say that at present our economy and banking services have now become nearly cashless. The payment banks are referred to as a source […]

COVID 19 is nothing short of a catastrophe for the global economy. Nearly every organization across the globe has affected by this pandemic and MSMEs are not different here.  The Indian government had taken some proactive steps in this direction to help the small and medium-class enterprises in terms of financial backing by announcing New […]

The advent of Goods and Services tax has revamped the notion of indirect taxation in India. Unlike the previous tax regime, it is completely transparent and free from complexities. The deployment of the GST has made it easy for the tax authority to get rid of tax-evasion and bribery. GST not only accelerated the growth […]

Non-Convertible Debentures (also known as NCDs) are one of the most efficient ways of fundraising for the NBFCs. The major chunk of borrowers in the NCD market comes from the NBFC segment. The RBI has tightened the regulations for Non-Convertible Debentures i.e. NCDs offered by NBFC. Many experienced investors favor Non-Convertible Debentures (NCDs) as the […]

ESI is an abbreviated term for Employee State Insurance. It is regulated by the Employee State Insurance Corporation, which is a separate legal body created under the provision under the GOI, Ministry of Labour and Employment. This scheme is dedicated to the individuals of the labor class. The scheme provides ample benefits to the workers […]

Non-Banking Financial Companies has attained unparalleled value in financial sector in recent times due to hassle-free lending. These entities are usually touted for delivering easy fiscal aid to individuals and businesses without imposing stringent stipulates, unlike a traditional bank. RBI is continuously striving to tighten the norms for NBFC to ensure better control. This leads […]

A Non-Banking Financial Company, aka NBFC, is primarily a money lending entity that operates as per the guidelines of Reserve bank. These entities are registered under the Companies Act 2013. The primary business area of NBFCs is credit lending. In addition to that, they also engaged in the business of shares, securities, leasing, and hire […]

Employee state insurance (ESI) scheme of India is a multifaceted welfare scheme for the employees working in the organized sector. The scheme was introduced by the government in the year 1952 with the aim to facilitate socio-economic protection to the employees in the event of adversity or crisis that occurs on the grounds of health […]

The month of July 2020 came as a relief for the NBFCs and HFCs as the government rolled out Special Liquidity Scheme that worth around Rs 30,000 crore. Although the said scheme adheres to immense potential, it failed to meet the expectation of the entities, smaller ones in particular. In this write up you will […]

Insurance Regulatory and Development Authority of India i.e. IRDA announced guidelines for insurance claim for the flood victims in Andhra Pradesh. The notification primarily addresses the CEOs of the insurance companies.  IRDA has rolled out the following directions for the insurance companies in view of the recent natural calamity:- Appointment of Nodal Officer The concerned entities […]

In the past few years, the financial sector has witnessed a significant transformation, and Non-Banking Financial Companies, aka NBFC, plays a pivotal role in that swift. NBFCs continued to reap immense success in the financial sector and its contribution has surpassed the contribution by the traditional banks. Henceforth, NBFC registration sound like a beneficial proposition […]

The takeover of NBFC means the purchase of NBFC by another organization, which can only exist if both the acquirer and the target are operating under the provisions of the Companies Act. In this writeup, we will cover everything about NBFC Takeover, so let get started. In the past few years, takeovers and mergers have […]

There is a common misconception among the people that mergers and acquisitions are the same things. Both of these business-related terms refer to the fusion of two entities, but there is a critical distinction involved in when to place them into circumstances.  A merger occurs when two independent companies consolidate forces to create a new […]

For years, banks and other financial institutions fight against the stringent force of terrorist financing and money laundering. Since such transactions mostly remain undercover and flow through unique patterns, it becomes hard for the NBFCs to detect them on the first attempt. And that’s where risk assessment comes into the picture. A few months back, […]