NBFCs are likely to benefit from factors such as specialised business models and an increase in the number of students travelling abroad is one of the key factors, said the CRISIL report.
Award amounts align with an applicant’s increase in qualified activities from one annual period to another and are based on the qualified activity type, the CDFI Certification status of the applicant, and the asset size of the applicant.
FDIC-insured depository institutions seeking CRA credit opportunities may be eligible to apply for funding to further impact the distressed communities they serve. On March 31, 2023,.