Non-banking finance companies are gained by the RBI ban on bank loans
By Vaibhav Aggarwal
Oct 15, 2013
Print    Email    RSS   

Non-banking finance companies make the most of the ban imposed by the Reserve Bank of India on consumer loans. Recently the RBI has imposed a ban on lending 0 % interest rate loans offered by banks to their customer for the purchase of goods. The managing director, Nilesh Gupta of the largest retailer, of Vijay Sales said in Mumbai that the RBI ban makes him feel as though the roof was coming down when weeks earlier than the celebratory season started.

To his enjoyment, he appreciated in one or two days that non-banking finance companies could fill up the empty space generated by the departure of banks. Business is thriving routinely during the Diwali and Navratri festival season and iPhones and TVs televisions are being vacated the shops.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

How far can new banking licenses be banked...
An Insight into Lending Rate Changes
Carnival of Indian Personal Finance Blogs #1
Manage your loans, avoid recovery agents
What to look for while taking a personal loan

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive