Siemens gets RBI nod for NBFC foray

In order to provide financial services to its Indian customers, the global electronics major Siemens has been granted a non-banking lender licence by the Reserve Bank of India. Siemens has received a Certificate of Registration from the RBI to operate a non-banking finance company (NBFC) for its financial services business in India.

Siemens Financial Services (SFSPL), the NBFC, will focus on developing an asset financing business by offering products such as loans, leasing and other finance products to its customers in India in the industry, energy and healthcare sectors. It will also pursue opportunities in other third-party markets.crackcrack