Non-Banking Finance Companies are a class of Financial Institutions that are regulated by the RBI keeping a stringent monitoring system on their operational standards and public interaction. Though the NBFCs are considered as a Parallel Banking system there is a drastic difference between the Banks and NBFCs in the operational method. There is no provision to issue Cheques by NBFC, as well as the Savings Accounts and Demand Deposits are also not allowed by NBFC. Apart from this all activities undertaken by a Bank can be more or less carried out by the NBFC.
Melker Finance and Leasing Pvt. Ltd. was registered in the year 2011 with RBI giving it the freedom to operate as a Loan Company. The very segregation means we are authorized to issue all sorts of loans and advances to the Public or Business units. The success of Melker Finance and Leasing in providing small ticket loans and advances with timely repayment have been considered to be a sure footprint for our future growth strategy. Some of the market leaders have been upgraded to the status of Small Finance Banks by RBI. We are also on a trajectory to reach this position within a short span of time. Our approach is purely customer oriented and based on a personal touch with the end user. We are flexible enough to accommodate the needs of the clients provided they fall within the parameters set by RBI and the policy guidelines issued by our Board of Directors.
A person is known by the company he keeps and also a company is known by the Directors who manage it. Our Directors are all people with more than 100 years of combined experience in the Banking Industry. That too having held positions of Chairman, General Manager, etc. of Scheduled Banks and even to the extent of having the retired Director of RBI itself. This gives us an impetus which many of our immediate counterparts are not able to emulate. We have in place all necessary systems and operational procedures which are unique to our organizational function.
Your association and patronage to our company at any level would be a game changer in the long run. Whether as an investor or as a client of our services, we value each and every person for the immense contribution they provide in our organic growth.
Chairman & Managing Director