Non-bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions typically are restricted from taking deposits from the public depending on the jurisdiction. Nonetheless, operations of these institutions are often still covered under a country's banking regulations. NBFCs offer most sorts of banking services, such as loans and credit facilities, private education funding, retirement planning, trading in money markets, underwriting stocks and shares, TFCs(Term Finance Certificate) and other obligations. These institutions also provide wealth management such as managing portfolios of stocks and shares, discounting services e.g. discounting of instruments and advice on merger and acquisition activities. The number of non-banking financial companies has expanded greatly in the last several years as venture capital companies, retail and industrial companies have entered the lending business. Non-bank institutions also frequently support investments in property and prepare feasibility, market or industry studies for companies.
And this is how SMS INDIA HUB would help for Banks;
Do you follow up with your customers after they’ve made purchases? Rewarding customers for their loyalty is a great way to build relationships and earn more sales. Send new customers a special gift, such as a ten percent off coupon (which you can track), to encourage them to visit again.
Increase customer walk-ins
Retail is the process of selling consumer goods or services to clients through multiple vendors, channel partners of distribution to earn a maximum profit. Demand has to identified and then satisfied through a supply chain. Attempts are made to increase demand through advertising.
Build customer relationships
Personal interaction with customers is a great way to establish relationships and encourage long-term customer loyalty. Your marketing can be a natural extension of this, which means you don’t always have to be selling. Send out thank you and birthday, anniversary greetings.
Use wording such as “For every $50 you spend tonight, you get $10 off your next purchase of $50 or more.” Your customers have an incentive to spend at least $50, and you’ll get an additional $50 in purchases when they apply their future-use coupon.
For retails, it means promoting products that is in season. For others, use whatever major holiday is approaching. Promote the products or services—or create new ones—that somehow connect with the season, and put them front and center.
For B2B businesses, offer a cross-promotion opportunity, such as a directory list1ing or advertising spot for customers who purchase within X hours or over X dollar amount.
Create a customer club with particular benefits (newsletter, coupons, special events, extended hours) and offer free membership with any purchase over a set dollar amount. Otherwise, membership should cost something.
Make it convenient
Working people often find it difficult to get things done during “business hours” because they’re working, too. So offer an “at your convenience” option for those customers.