World Bank Group to conduct training programmes for NBFCs

International Finance Corporation (IFC), part of the World Bank Group, has teamed up with Finance Industry Development Council (FIDC) to conduct training programmes for Non Banking Finance Companies (NBFCs).

The training programmes will be on ‘movable asset financing’ and ‘commercial credit reporting’. For this purpose, two engagement letters have been signed between IFC and FIDC, a representative body for NBFCs, especially those engaged in asset financing.
Such programmes are expected to enhance the awareness, expertise and professionalism of NBFCs, especially the large number of small and medium sized NBFCs catering to the credit needs in rural and semi-urban areas.These training programmes would be conducted at various centres across the country under the guidance of leading consultants from the World Bank Group. So, let’s discuss some questions related to this post:
Q1. What is the full form of NBFC?
Q2. Where is the headquarter of World Bank?

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Source- The Indian Express

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