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,
Central Bank of The Bahamas include: Central Bank of The Bahamas The Central Bank of the Bahamas is the reserve bank of the Bahamas based in the capital Nassau. The bank was established in 1974 but traces its origins to the currency board established in 1919. The bank carries out the independent monetary policy and supervision of the financial sector of the Bahamas. In 1919, the British Government established the Board of Commissioners of Currency to issue local Bahamian currency pegged to the pound sterling. The Board helped promote the Bahamas' emergence as an international currency trading and banking center during the 1960s and 70s.