NBFC-MFI definition
NBFC-MFI means a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) that fulfils the following conditions:
NBFC-MFI means a non-deposit taking NBFC that fulfils the following conditions:
NBFC-MFI means a non-deposit taking NBFC which has a minimum of 75 percent of its total assets deployed towards “microfinance loans” as defined under Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.
More Definitions of NBFC-MFI
NBFC-MFI means a non-deposit taking NBFC (other than a company formed and registered under section 8 of the Companies Act, 2013) that fulfils the following conditions:
NBFC-MFI means a company duly registered with the Reserve Bank of India (RBI) as ‘Non- Banking Financial Company–Microfinance Institution’.