Financial Institutions Insurance: Fill & Download for Free

It's pretty simple, let me explain.Banks: Firstly, banks are a type of financial institution. They perform a specific function of:Accepting Deposits: of individuals, non-individuals (partnerships, companies, trusts etc.). They pay an interest on your deposits.Lending: They give loans and other credit facilities to individuals & non-individuals for their business/personal requirements.Financial Institution: There are several types of financial institutions. They are:Banks (Retail & Wholesale)Non-Banking Financial Companies (NBFCs)Insurance companiesPension fundsOthersMutual FundsHedge FundsMicro-finance institutions (A type of NBFC with a clear distinction)Co-operative societiesFinancial service providers like Stock exchanges, stockbrokers, depositories & their participants.You can look up each of these for more details. Hope this helps.Co-Founder & CEO of (www.fyers.in)

Government inaction?This is the best performing government ever.19 billion dollars Foriegn investment.FDI boostBranding of India has surpassed China with highest percentage growth of 32%,World Bank and other financial institutions praising Modi for his development reforms.Jan Dhan success registered in guineas book of records.How many of you knew about LPG Subsidy before Modi sarkar?Insurance and pension schemes for Poor.Great boost to tourism thanks to visa on arrival policy.Swachch bharatMake in IndiaSkill India.India has never witnessed so many things in such a small time.Kudos Modi Sarkar.

""Securitisation companies or reconstruction companies" means a company formed under Recovery of debts due to Banks and financial institutions act, 1993 and registered under the Companies Act for the purpose of asset reconstruction.How Asset reconstruction(ARC) company works.1) ARC will take over the NPA's from banks for fixed cost which is less than the NPA amount.2) NPA is transferred to ARC along with any security which is pledged while taking loan.3) Now ARC will issue security receipts for fixed interest rate and will raise money.(These raised money can be invested in financial institutions)( They raise for money for meeting their day to day expenses)4) Now ARC will start legal procedure to sell the pledged security (on NPA) in the market. Which will take many years depending on the complications involved. Mean while Money raised by issuing security receipts are used for meeting expenses of the company, ARC has to pay timely interest on security receipts to the buyers (qualified institutional buyers)5) After selling the asset by clearing all litigations, ARC company will reedem(take back) the security receipts which are issued earlier for agreed price.profit of ARC = sale Price of security + interest on investment - purchase cost of npa - interest on security receipts - Expenses.India's first ARC - ARCIL http://www.arcil.co.in/aboutus/about-us.php"security receipt" means a receipt or other security, issued by a securitisation company or reconstruction company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation;"qualified institutional buyer" means a financial institution, insurance company, bank, state financial corporation, state industrial development corporation, trustee or securitisation company or reconstruction company which has been granted a certificate of registration under sub-section (4) of section 3 or any asset management company making investment on behalf of mutual fund or pension fund or a foreign institutional investor registered under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or regulations made thereunder, or any other body corporate as may be specified by the Board;