What are the reporting requirements for non banking financial companies?
Every NBFC has to obtain certificate of registration from Reserve Bank of India before commencement of its business operations. Every NBFC who have commenced its business on or after 21-4- 1999 should have Net owned fund of Rs 200 lakhs.
How do you evaluate an NBFC?
Return on Assets (RoA) v/s Return on Equity (RoE): RoA ratio tells you how effective the NBFC is in its activities and raising funds. The bigger the RoA, the stronger it can rely on the asset class. RoE tells you how well NBFC produces a return on the money of the owner. The higher the better it is.
What is financial mis report?
Financial Reports: These are MIS reports used to draw up the financial status and health of an organisation and generally include the cash flow statements, expenses statement, income statement, balance sheet, Profit and Loss (P&L) Statement, and more.
What is NBFC and its role?
NBFCs (Non Banking Financial Companies) play an important role in promoting inclusive growth in the country, by catering to the diverse financial needs of bank excluded customers. In India, despite being different from banks, NBFC are bound by the Indian banking industry rules and regulations.
How do you present a MIS report?
1. At first, you need to collect the raw data scattered in the different MIS systems in various departments, such as Marketing, Financial, Logistics, Customer Service, and so on. 2. Then, combine this data in Excel manually and clean up the data to filter the information that is required for particular MIS reports.
How would a bank use MIS?
The MIS should concentrate on data collection from various sources to analyze and conclude the future corporate strategy. Such information will help the banker to move out to talk to the customer to obtain business for the bank. Such support will also reduce the risk of the account going into the red and bad debt.
What are the duties and importance of non banking financial institutions?
The role of NBFIs is generally to allocate surplus resources to individuals and companies with financial deficits, allowing them to supplement banks. By unbundling financial services, targeting them and specialising in the needs of the individual, NBFIs work to enhance competition in the financial sector.