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,
Guardian Bank Guardian Bank Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya with headquarters in Nairobi. It is licensed by Central Bank of Kenya, the central bank and national banking regulator. , the bank was a medium-sized retail bank, with an asset base totaling approximately US$163.3 million (KES:14.195 billion), and shareholders' equity of about US$18.8 million (KES:1.626 billion). At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class. Guardian Bank was established in 1992 as "Euro Finance Limited", a non-bank financial institution. As a result of