Different types of NBFCs

Different types of NBFCs: 

There are different categories of NBFC's operating in India under the supervisory control of RBI. 

They are: 

1. Non-Banking Financial Companies (NBFCs) 
2. Residuary Non-banking Finance companies(RNBCs). 
3. Miscellaneous Non-Banking Finance Companies (MNBCs) and 

Residuary Non-Banking Company is a class of NBFC, which is a company and has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner and not being Investment, Leasing, Hire-Purchase, Loan Company. These companies are required to maintain investments as per directions of RBI, in addition to liquid assets. The functioning of these companies is different from those of NBFCs in terms of method of mobilization of deposits and requirement of deployment of depositors' funds. Peerless Financial Company is the example of RNBCs. 

Non-Banking Financial Companies

Non-Banking Financial Companies

Def:

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares, securities, leasing, hire-purchase, insurance business, and chit business.


Difference between banks & NBFCs:
NBFCs are doing functions similar to that of banks, however there are a few differences:

Trick to Remember Bank headquarters in India

Trick to Remember Bank headquarters in India:

1. All Banks that have India at the end of their name have their head quarters in "MUMBAI"

• State Bank of 'India' - Mumbai
• Bank of 'India' - Mumbai
• Central Bank of 'India' - Mumbai
• Union Bank of 'India' - Mumbai
• Reserve Bank of ;India' - Mumbai

Except:  United Bank of India

Tricks to Remember the List of Indian Gold Medalist in Common Wealth Games

Sports	Mind Tricks	Name of the Winners
Wrestling	The name that ends with “Kumar and Kumari” were belongs to Wrestling.	1.)  Babita Kumari 2.)  Amit Kumar 3.)  Sushil Kumar
	First name ending with “-esh” belongs to Wrestling.	1.)  Vignesh Phogat 2.)  Yogeshwar Dutt
Weightlifting	“HEN-SAT-SUN” Remember as, HEN SAT under the SUN to do Weightlifting.	1.)  HEN- Sukhen Dey 2.)  SAT- Satish Sivalingam 3.)  SUN- Sunjita Chanu
Shooting	ABHINAV and APURVI went to Shoot RAHI and JITU	1.)  Abhinav Bindra 2.)  Apurvi Sarnobat 3.)  Jitu Rai 4.)  Rahi Sarnobat
Disc Throw	“D T-VG” Remember as Disc Throw-Vikas Gowda	Vikas Gowda
Squash	Remember as,” Dipika and Chinnappa Squashed each other”	1.)  Dipika Pallikal 2.)  Joshna Chinappa
Badminton	Remember as, “Bad- Paru”	1.)  Parupalli Kashyap

Tricks to Remember Indian Classical Dances

Tricks to Remember Indian Classical Dances:

Bharatnatyam (Tamil Nadu),

Kathak (North India),

Kathakali (Kerala),

Kuchipudi (Andhra Pradesh),

Manipuri (Manipur),

Mohiniattam (Kerala),

Odissi (Odisha),

Sattaria (Assam)

Punch lines of Commercial Banks in India

Punch lines of Commercial Banks in India

>>  Hum Hai Na— ICICI

>> Good People To Grow With — Indian Overseas Bank

>> Pure banking nothing else, —State Bank OfIndia

>> Tradition Of Trust—Allahabad Bank

>> Trusted Family Bank— Dena Bank

>> Good People To Bank With —Union Bank OfIndia

Trick to Rember Nationalization Date of Banks

Trick to Rember Nationalization Date of Banks

(Except SBI Group and IDBI)

There are total 26 banks nationalized in India that consists of 20 different banks and 6 banks under SBI Group. Among these 26 banks 14 banks were nationalized on July 19, 1969 5 banks were nationalized on April 15, 1980

To remember the nationalization date of the 19 banks remember this sentence –

“A PUNJABI boy of name VIJAYA is studying COMMERCE in a CORPORATE college of ANDHARA PARDESH.”

IMPORTANT ORGANIZATION AND SUMMIT

IMPORTANT ORGANIZATION AND SUMMIT

1. New Member

United Nation – Total – 193 (last – South Sudan)

WTO – Total – 159 (Last – Tajikistan)

World bank and IMF – Total – 188 (Last – South Sudan)

European Union – Total – 28 (Last – Croatia)

UN Human Rights forum held in Beijing (CHINA)

World Economic forum’s “summer Davos” meeting held in the north-eastern Chinese city of Dalian (China).

Specialized Agencies of the U.N.O with their Headquarters

1. Headquarters of Food and Agricultural Organisation (FAO) is in

-Rome

2. Headquarters of International Labour Organisation (ILO) is in

- Geneva

3. Headquarters of World Health Organisation (WHO) is in

- Geneva

Mnemonic to remember Members of ASEAN

Brunei k CM k LIPS pe TMV(Tobacco Mosaic virus)-

B---BRUNEI, 

C---CAMBODIA,
M----MALAYSIA ----

L----LAOS,
I----INDONESIA,

UNO parmanent members

UNO  parmanent members

 SHORTCUT--FABRIC
 F- france
A-america
B- briten

Mind Tricks to Remember Countries and Capitals

Country name and Capital name are same

• Mexico – Mexico City
• Kuwait – Kuwait City
• Panama – Panama City
• Vatican City – Vatican City
• Guatemala – Guatemala City
• Djibouti – Djibouti City
• Singapore - Singapore
• Monaco  – Monaco

List of All Summit

1. BRICS summitBRICS: Brazil, Russia, India, China, South Africa
1st Summit 2009 : Yekateringburg, Russia
5th Summit 2013 : (Durban) South Africa
6th Summit 2014 : held in Fortaleza, Brazil from 15‐17 July 2014.
7th Summit 2015 : Will have in  Ufa, Russia

Shortcut Trick To Remember Direct And Indirect Taxes In GK

Using Shortcut Trick in GK, you can memorize GK in no time. This time, this shortcut trick is about Direct and Indirect Taxes. If you are finding difficult to distinguish whether a particular tax is Direct or Indirect, just check the below given shortcut trick. I am sure that you will love it and it will solve your issue.

Tricks of SAARC Organization

Hey Guys! We are really happy to announce that we’re serving you today with a newly tricksof SAARC organization countries remember tricks tutorial. But I tell you remembering tricksof country of SAARC organization this tricks is very easy to remembering the country.

Trick is :- “MBBS PAIN” [ Consult An MBBS doctor to reduce PAIN]

I explain this tricks

Vidhan parishad (or Legislative council) in India

Hello Friends in this lesson are studying in Vidhan parishad (or Legislative council) in India. First up all I want to say you in India total Legislative council is seven states are available but in this tutorial may I tell you some tricks of remembering of this state. Hope this post will help you to understand the vidhan parishad in India.

The tricks is

KUMB JAT

I explain this trick

K – Karnataka
U – Uttar Pradesh
M – Maharashtra
B – Bihar
J – Jammu and Kashmir
A – Andhra Pradesh
T – Tamilnadu

OR

MIND TRICK:   JUMB  [JUMBO]  KAT [CAT]

KING OF MUGHAL’S EMPIRE

Hello friends in this tutorial I want to say some remembering tricks of Mughals Empire kings. First up all mughal was starting the foundation of the Mughal rule in India was laid b Babur in 1526. Akbar, the eldest son of Humayun, ascended the throne nder the title of Jalaluddin Muhammad Akbar Badshah Ghazi at the young age of 14 at Kalanaur, Punjab and his tutor Bairam Khan was appointed as the regent. Jahangir ( Salim ) son of Akbar, came to the throne after Akbar’s death in 1605. Shahjahan ascended the throne in 1628 after his father’s death. Aurangzeb defeated Dara at Dharmat (1658), Samugarh (1658) and Deorai in which Samugarh was deisive one and Deorai was last one.

Tricks is

BHAJSHA

Explain this trick

B = BABAR

H = HUMYUN

A =AKBAR

J = JAHANGIR

SH = SHAHJAHAN

A = AURANGZEB

EASY WAY TO REMEMBER MEMBERS OF ORGANIZATIONS.

EASY WAY TO REMEMBER MEMBERS OF ORGANIZATIONS.

SAARC (A MBBS PIN)
Afghanistan, Maldives, Bangladesh,Bhutan,Srilanka, Pakistan, India, Nepal