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• agriculture activity,
• industrial activity,
• sale / purchase / construction of immovable property.
Difference between Banks & NBFCs
ii. NBFCs cannot offer interest rates higher than the ceiling
rate prescribed by RBI from time to time. The present
ceiling is 11 per cent per annum. The interest may be paid or
compounded at rests not shorter than monthly rests.
viii. A copy of the Credit Rating obtained once a year along with
one of the Half-yearly Returns on prudential norms as at (v)
above.
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