Non-Banking Financial Companies (NBFCs) are the financial institutions incorporated under the Companies Act that are the source of providing services of banking to the people of India without having the bank license. It is allowed to accept deposits which are repayable on demand and eligible for foreign investments […]
One type of company that has emerged to be a major player in the market is NBFC or Non-Banking Financial companies. NBFCs have been contributing a reported 12.5% rise in the Gross Domestic Product (GDP) and are therefore among one of the institutions with huge potential for changing the landscape of financial services. […]
Non-Banking financial companies(NBFCs) means only those non- banking institutions which are registered under the Companies Act, 2013 and is working in the section of loans business and advances, acquisition of shares/bonds/debentures/securities/stock issued by the government or non-government authorities. It is of marketable nature, leasing, hire-purchase, […]
