NBFC & MFI in India NBFC & MFI in India A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction of immovable property. The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it. On November 9,
The Institute of Science, Mumbai flat central dome of the Cowasji Jehangir Hall, manage to harmonize with the 19th century buildings surrounding it. Protected from the street by the many-arched facades are a botanical garden, herbarium and a park. The Institute of Science is awarded the status of "College with potential for Excellence" by the UGC in 2009 and awarded generous grants for infrastructure development. The Institute of Science, Mumbai The Institute of Science (formerly known as the Royal Institute of Science (RIS)) is an institution of postgraduate education and research located in Mumbai, India. It is managed by the Government of Maharashtra and is