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,
Mumbai Central–Ahmedabad Double Decker Express Mumbai Central Double Decker Express (70.14 km/hr). Since Western Railways switched over to AC electrical power in February 2012, it has been hauled by a WAP 5 engine from the Vadodara shed. Mumbai Central–Ahmedabad Double Decker Express The 12931 / 12932 Mumbai Central Ahmedabad Double Decker Express is a Superfast express train belonging to Indian Railways that runs between Mumbai Central and Ahmedabad Junction in India. It runs once a day, 6 days a week. It operates as train number 12931 from Mumbai Central to Ahmedabad Junction and the train number 12932 in the reverse direction. On 20 March 2017,