U.S. Tariff and Sanctions Actions Target Indian Trade: Key Considerations for Businesses
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Central Notification Prohibits NBFC from certain actions
NBFC stands for “Non-Banking Financial Company.” It is a type of financial institution that provides a wide range of banking services, similar to traditional banks, but without holding a banking license. NBFCs are regulated by the Reserve Bank of India (RBI) in India, or by the relevant financial regulatory authorities in other countries. The primary…