NBFC social objectivesA Story by WebsoftexWebsoftex Software Private Limited, a Bangalore based Company, an authorized Software service provider engaged in Microfinance, Banking, Co-Operative, NBFC Softwares http://microfinancesoftware.net
· NBFIs have an important role to play in financial and economic development of a country.
·
International experience with government sponsored entities or rules goes to show that it is
not clear that the solution is always better than the problem. The Government has to
consider various issues like not enough financing for a sector. Housing? Agriculture?
Others? Are interest rates too high? Etc.
However, under negative (or positive) externalities, private decisions of an organization
provide less (or more) than the socially desirable outcome of a service. ·
Therefore,
regulation by the Government is most essential so that the NBFI does not overlook its
importance and the necessity of fulfilling its social objectives
·
NBFIs can be popular vehicles for money laundering and financing of terrorism and
hence the need for regulation on that front is in place. © 2017 Websoftex |
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Added on December 13, 2017 Last Updated on December 13, 2017 Tags: Pigmy Collection, Pigmy Banking, Loan Pigmy, Customer Finance AuthorWebsoftexbangalore, Other, IndiaAboutWelcome to Websoftex Software Solutions Pvt. Ltd. a Bangalore based company extending its services in Website Designing, Web Development, MLM Software, Micro Finance, RD FD Software, Chit Fund, Loan S.. more..Writing
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