| Dear Sir/Madam. Infact I wish to know, if some body wants to start a small banking business, what are the legal asspects to be followed to start the business. Where the firm to be registered? who is the regulating authority for the same, and is there any rule is follwoed to fix the rate of intrest or the firm has all the right to fix the rate of intrest...... Pls kindly provide me the info...... in my Email Id. i.e Rgds Biju Bijoy, To enter a banking business First step of business is to choose the suitable form of business - Company Form , coopeartive form Second - to obtain the registartion with RBI either as NBFC or as Bank Offcourse RBI will put limits over chargable rate of interest. Google RBI site and can get useful information or avail my services. regards Adv Naveen Bhardwaj 9871158855
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