Zavron Finserv Leading NBFC | Fintech | India

Fintech is the combination of two words: Finance and Technology. When the companies providing Financial services use technology they are called Fintech companies . Fintechs have notably revolutionized the field of traditional banking and financing services. Banking systems have seen a significant makeover due to the development of Fintech Applications. In the beginning, technology was being used only in the backend systems. Now, its abundant use can be seen in all the fields of financial services. If we see its use in mobile and online payments, fund management, stocks, etc. we can say that Fintech Applications have a great impact on banking systems in our country and a complete transformation can be seen in the fundamental process. Fintech applications have made digital payments possible, insurance claims can be made sitting at home within almost no time, lending and borrowing processes have become easier and customer friendly. Banks and financial companies are adapting to the cus

  NBFCs are Non-Banking Financial Companies that deal with loans and other financial activities but they don't have a banking license instead they are registered under the Companies Act 1956. A company with the primary business of receiving deposits under any scheme in a lump sum or in installments or in any other manner is also known as Non-Banking Financial Company (Residuary Non-Banking Company). Activities NBFCs are Involved in Non-Banking Financial Companies are primarily involved in the activities such as Loans and Advances, Hire and Purchases, Leasing, Insurance Business, Chit Business, Acquisition of Shares, Debentures, Stocks, etc. Activities NBFCs cannot be Involved in Non-Banking Financial Companies cannot be the institutions that are primarily involved in Agriculture, Industrial Activity, Sale, Purchase or Construction of any immovable property, Sale or Purchase of any Goods other than Securities. Criteria to become an NBFC The Reserve Bank of India has i