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Saturday, 8 July 2017

RBI allows NBFCs to offer new pension scheme


The Reserve Bank of India has allowed systematically important non-banking finance companies (NBFCs) to sell and market the new pension scheme (NPS).

NBFCs with asset size of Rs500 crore and above that have made a net profit in the preceding financial year be permitted to sell NPS to their clients after registration with the pension regulator. 

Important Takeaways from Above News-
  • RBI Headquarters in Mumbai.
  • The 24th Governor of RBI is Dr. Urjit Patel.
  • Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India.
Source- The Economic Times


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