NBFC-Micro Finance Institutions

GPTKB entity

Statements (49)
Predicate Object
gptkbp:instanceOf Non-Banking Financial Company
gptkbp:canBe publicly owned
privately owned
gptkbp:canLendTo self-help groups
individual borrowers
joint liability groups
gptkbp:cannotIssue cheques drawn on itself
gptkbp:cannotOffer savings accounts
gptkbp:compatibleWith RBI guidelines
gptkbp:contributedTo rural development
poverty alleviation
women empowerment
gptkbp:doNotAccept demand deposits
gptkbp:followedBy KYC norms
AML guidelines
customer grievance redressal mechanism
gptkbp:goal financial inclusion
https://www.w3.org/2000/01/rdf-schema#label NBFC-Micro Finance Institutions
gptkbp:maintainedBy minimum net owned fund
gptkbp:mustRegisterWith gptkb:Reserve_Bank_of_India
gptkbp:offers small loans
gptkbp:provides microfinance services
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:relatedGroup low-income individuals
micro-entrepreneurs
gptkbp:requiresDisclosureOf interest rates to clients
loan terms to clients
penalties to clients
processing fees to clients
gptkbp:subject gptkb:Fair_Practices_Code
internal audit
capital adequacy requirements
fit and proper criteria for directors
interest rate caps
annual audit
asset classification norms
board approved policies
client indebtedness norms
corporate governance norms
credit bureau reporting
credit exposure limits
external credit rating
loan size restrictions
periodic reporting to RBI
provisioning norms
risk management guidelines
statutory audit
gptkbp:bfsParent gptkb:Systemically_Important_NBFCs
gptkbp:bfsLayer 7