NBFC-ICC definition
NBFC-ICC means any company which is a financial institution carrying on as its principal business - asset finance, the providing of finance whether by making loans or advances or otherwise for any activity other than its own and the acquisition of securities; and is not any other category of NBFCs as defined by the Reserve Bank in any of its Master Directions.
Examples of NBFC-ICC in a sentence
Pursuant to the Amalgamations, the Amalgamated Company will be required to obtain requisite registrations/licenses from the RBI to operate as an NBFC-ICC and also surrender its existing NBFC-CIC registration/license to the RBI in accordance with the applicable laws.