FUTURE PROSPECTS OF NON-BANKING FINANCIAL COMPANY

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Definition of 'Non-Banking Financial Company - NBFC'

• Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license.

• These institutions are not allowed to take deposits from the public.

• Nonetheless, all operations of these institutions are still covered under banking regulations.

Non-Banking Financial Companies (NBFCs)

• Non-banking financial companies (NBFCs) are fast emerging as an important segment of Indian financial system.

• It is an heterogeneous group of institutions (other than commercial and co-operative banks) performing financial intermediation in a variety of ways, like accepting deposits, making loans and advances, leasing, hire purchase, etc.

• They raise funds from the public, directly or indirectly, and lend them to ultimate spenders. They advance loans to the various wholesale and retail traders, small-scale industries and self-employed persons.

• Thus, they have broadened and diversified the range of products and services offered by a financial sector.

• Features:• Features:•

OTHER FEATURES

• Enables tracking of every unique loan relationship in the system• Allows capture and storage of loan documents and applicant

information• Extracts applicant information and transmits the same to CIBIL in

the required format• Encryption of files with WinPT• Allows system access (loan calculators, rates, etc) and updating of

database by field agents via their PDA’s• Provides proposal tracking facility for dealers and makes it possible

to define the discounting limits for dealers under each scheme• Allows various support functions like raising requests, disbursals,

discounting & collections

Realty Information System

• Features:• A completely automated property

management solution that provides information on type of property (commercial / residential), construction phases, lease and resale plots, facilities, and price bands

Agency Commission System

• Features:• Generates all India level commission report for

various agencies of the client• Provides configurable commission calculation

logic• Generates agencies performance reports and

MIS• Bill Discounting System

De-duplication

• Features:• A fraud control system to mitigate credit risk.

Deduplication matches the applicant/co-applicant and guarantor application information against existing records to assess the payment behavior and credit worthiness of the party

• Loan Processing System