At RBI-licensed NBFCs, 600% annual interest is board-approved, ‘reasonable’, and perfectly legal
You can buy a bank, of sorts, off a websiteNBFC AdvisoryNBFCs for sale.
It’s as easy as shopping for furniture, basically, and may very well be the ultimate investment if you’re ambitious. All you need is some money, the right playbook, and…a questionable conscience.
“NBFC for sale in Gujarat,” the website says, “starting at Rs 1.90 crore”. The specs are very important: “incorporated in 1990” and “fully compliant and transferable (100%)”, so no worries about the regulator asking........
