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 - Indore Duronto Express take over until Ratlam Junction following which a Ratlam based WDM 2 or WDM 3A locomotive would take over. Western Railway completed DC Electric Conversion to AC on 5 February 2012 & with the electrification of the Indore - Ujjain sector, it is now regularly hauled by a Vadodara based WAP 4E or WAP 5 all the way from Mumbai Central to Indore Technical Stoppages: Vadodara Junction, Ratlam Junction, Ujjain Junction Mumbai Central - Indore Duronto Express The Indore Duronto Express is a superfast express train of the Indian Railways connecting Mumbai Central (MMCT) to Indore (INDB). It is currently