How to get it and what is the smallest big amount they allow to invest? Whom to contact please.
2006-08-11 01:46:34 · 1 answers · asked by Anonymous in Local Businesses ➔ India ➔ Mumbai
I hope with "money landing" you mean "money lending" and certainly not "money laundering".
You either have to obtain the licence of a private bank or that of an NBFC. In either situations, apply to the RBI for the licence complying with formalities.
For academic interest, this much reply should be enough. If you are serious about taking up the venture of money lending, don't know about licencing and other aspects, wish to gather information at Yahoo! Answers and make a go ahead, forget about everything and concentrate on what you are already doing - good or bad! Sorry to say so, but it would be in common interest.
2006-08-11 02:53:34 · answer #1 · answered by helpaneed 7 · 0⤊ 0⤋