{"id":13624,"date":"2018-08-22T11:04:29","date_gmt":"2018-08-22T11:04:29","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=13624"},"modified":"2026-04-08T10:45:13","modified_gmt":"2026-04-08T05:15:13","slug":"non-banking-financial-company","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/","title":{"rendered":"Non Banking Financial Company &#8211; An Overview"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Meaning_and_Types_of_NBFCs\" title=\"Meaning and Types of NBFCs\">Meaning and Types of NBFCs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Classification_of_NBFCs_based_on_the_nature_of_its_business\" title=\"Classification of NBFCs based on the nature of its business\">Classification of NBFCs based on the nature of its business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Reclassification_of_NBFCs_wef_6th_December_2006\" title=\"Reclassification of NBFCs w.e.f.\u00a0 6th December 2006\">Reclassification of NBFCs w.e.f.\u00a0 6th December 2006<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Loan_CompanyLC\" title=\"Loan Company(LC)\">Loan Company(LC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Investment_Company_IC\" title=\"Investment Company (IC)\u00a0\">Investment Company (IC)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Core_Investment_Companies\" title=\"Core Investment Companies:\">Core Investment Companies:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Asset_Finance_Company_AFC\" title=\"Asset Finance Company (AFC)\">Asset Finance Company (AFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Mutual_Benefit_Financial_CompanyMBFC\" title=\"Mutual Benefit Financial Company(MBFC)\">Mutual Benefit Financial Company(MBFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Classification_based_on_Size_of_Assets\" title=\"Classification based on Size of Assets\">Classification based on Size of Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Returns_to_be_submitted_by_NBFCs-ND-SI\" title=\"Returns to be submitted by NBFCs-ND-SI:\">Returns to be submitted by NBFCs-ND-SI:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#NBFCs_vs_Conventional_Banks\" title=\"NBFCs vs. Conventional Banks\">NBFCs vs. Conventional Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Meaning_and_Types_of_NBFCs\"><\/span><strong>Meaning and Types of NBFCs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Non-Banking Financial Company (NBFCs)<\/a> may be defined as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934. <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs <\/a>provides banking services without meeting the legal definition of a bank such as holding a banking license.<\/p>\n<blockquote>\n<p>\u00a0Section 45-I of the Reserve Bank of India Act, 1934 defines \u2018\u2018non-banking financial company\u2019\u2019 as\u2013<br \/>\n(i) a financial institution which is a company;<br \/>\n(ii) a non-banking institution which is a company and which has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner, or lending in any manner;<br \/>\n(iii) such other non-banking institution or class of such institutions, as the Bank may, with the previous approval of the Central Government and by notification in the Official Gazette, specify.<\/p>\n<\/blockquote>\n<p>Following are the business in which <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs<\/a> are engaged:<\/p>\n<ul>\n<li>Loans and advances<\/li>\n<li>Acquisition of shares\/stocks\/bonds\/debentures\/securities issued by the government or local authority or other securities of like marketable nature,<\/li>\n<li>Leasing<\/li>\n<li>Hire-purchase<\/li>\n<li>Insurance business,<\/li>\n<li>Chit business<\/li>\n<\/ul>\n<p>But does not include any institution whose principal business is that of agricultural activity or any industrial activity or sale, purchase or construction of immovable property.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Classification_of_NBFCs_based_on_the_nature_of_its_business\"><\/span><strong><a href=\"https:\/\/www.legalraasta.com\/blog\/classification-of-nbfcs-in-india\/\">Classification of NBFCs<\/a> based on the nature of its business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Depending upon the nature of the business\u00a0<a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs registered under RBI<\/a>\u00a0 are divided into four categories depending upon its nature of business:<\/p>\n<p>\u2022 hire-purchase company;<br \/>\n\u2022 equipment leasing company;<br \/>\n\u2022 loan company;<br \/>\n\u2022 investment company;<br \/>\n\u2022 infrastructure finance company<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reclassification_of_NBFCs_wef_6th_December_2006\"><\/span><strong>Reclassification of NBFCs w.e.f.\u00a0 6th December 2006<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The above <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs registered <\/a>with RBI are reclassified in terms of the NBFC Acceptance of Public Deposits (Reserve Bank) Directions, 1988 with effect from 6th December 2006 as follows:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Loan_CompanyLC\"><\/span><strong>Loan Company(LC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A company which is a financial institution and carrying a business of providing finance as its principal business by making loans or advances or otherwise, for any activity other than its own is called a <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Loan Company.<\/a> It is noteworthy that this does not include Asset Finance Company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Investment_Company_IC\"><\/span><strong>Investment Company (IC)\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A financial institution carrying on the acquisition of securities as its principal business is known as an <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Investment company<\/a>. Investment companies are further divided into the following sub-categories:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Core_Investment_Companies\"><\/span><strong>Core Investment Companies:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>These are <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs<\/a> carrying the business of acquisition of shares and securities, satisfying the following conditions\u00a0on the date of the last audited balance sheet:-<\/p>\n<ol>\n<li>It holds not less than 90% of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies;<\/li>\n<li>Its investments in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies constitutes not less than 60% of its net assets Net assets, for the purpose of this proviso, would mean total assets<br \/>\nexcluding \u2013<br \/>\n\u2022 cash and bank balances;<br \/>\n\u2022 investment in money market instruments and money market mutual funds<br \/>\n\u2022 advance payments of taxes; and<br \/>\n\u2022 deferred tax payment<\/li>\n<li>it does not trade in shares, bonds, debentures, debt or loans in group companies except through block<br \/>\nsale for the purpose of dilution or disinvestment;<\/li>\n<li>it does not carry on any other financial\u00a0activity referred to in section 45-I(c) and 45-I(f) of the Reserve Bank of India Act, 1934 except:<\/li>\n<\/ol>\n<p>a) Investment in<\/p>\n<ul>\n<li>bank deposits<\/li>\n<li>money market instruments, including money market mutual funds,<\/li>\n<li>government securities, and<\/li>\n<li>bonds or debentures issued by group companies;<\/li>\n<\/ul>\n<p>b) Granting of loans to group companies;<\/p>\n<p>c)\u00a0issuing guarantees on behalf of\u00a0group companies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Asset_Finance_Company_AFC\"><\/span><strong>Asset Finance Company (AFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Asset Finance Companies<\/a> are companies which are financial institutions carrying out the\u00a0financing of physical assets supporting productive\/economic activity, such as automobiles, tractors, lathe machines, generator sets, earth moving and material handling equipment, moving on own power and general purpose industrial machines as their principal business.\u00a0Financing of physical assets may be by way of:<\/p>\n<ul>\n<li>loans,<\/li>\n<li>lease or<\/li>\n<li>hire purchase transaction<\/li>\n<\/ul>\n<p>Principal business can be defined as an aggregate of financing real\/physical assets supporting economic activity and income arising therefrom is not less than 60% of its total assets and total income respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mutual_Benefit_Financial_CompanyMBFC\"><\/span><strong>Mutual Benefit Financial Company(MBFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Mutual Benefit Financial Company<\/a> are financial institutions notified by the Central Government under section 620A of the Companies Act, 1956.<\/p>\n<p><strong>Above mentioned types of NBFCs can be further classified into:<\/strong><\/p>\n<ul>\n<li><strong>NBFCs accepting public deposit (NBFCs-D) and<\/strong><\/li>\n<li><strong>NBFCs not accepting\/holding public deposit (NBFCs-ND)<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Classification_based_on_Size_of_Assets\"><\/span><strong>Classification based on Size of Assets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NBFCs-ND may also be classified into (i) <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Systematic Investment NBFCs<\/a> with assets size of more than 500 Crores and (ii) <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">Non-Systematic Investment NBFCs<\/a>\u00a0with assets size of less than 500Cr.<\/p>\n<p><strong><span class=\"head\">Returns to be submitted by deposit-taking NBFCs:<\/span><\/strong><\/p>\n<ol>\n<li><span class=\"head\">NBS-1<\/span>\u00a0Quarterly Returns on deposits in First Schedule.<\/li>\n<li><span class=\"head\">NBS-2<\/span>\u00a0Quarterly return on Prudential Norms is required to be submitted by NBFC accepting public deposits.<\/li>\n<li><span class=\"head\">NBS-3<\/span>\u00a0Quarterly return on Liquid Assets by deposit-taking NBFC.<\/li>\n<li><span class=\"head\">NBS-4<\/span>\u00a0Annual return of critical parameters by a rejected company holding public deposits. (NBS-5 stands withdrawn as submission of NBS 1 has been made quarterly.)<\/li>\n<li><span class=\"head\">NBS-6<\/span>\u00a0Monthly return on exposure to capital market by deposit-taking NBFC with total assets of \u20b9 100 crores and above.<\/li>\n<li><span class=\"head\">Half-yearly ALM return<\/span>\u00a0by NBFC holding public deposits of more than \u20b9 20 crores or asset size of more than \u20b9 100 crore<\/li>\n<li>Audited Balance sheet and Auditor\u2019s Report by NBFC accepting public deposits.<\/li>\n<li>Branch Info Return.<\/li>\n<\/ol>\n<h3 class=\"head\"><span class=\"ez-toc-section\" id=\"Returns_to_be_submitted_by_NBFCs-ND-SI\"><\/span><strong>Returns to be submitted by NBFCs-ND-SI:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li value=\"9\"><span class=\"head\">NBS-7<\/span>\u00a0A Quarterly statement of capital funds, risk-weighted assets, risk asset ratio etc., for NBFC-ND-SI.<\/li>\n<li>\n<p class=\"head\">Monthly Return on Important Financial Parameters of NBFCs-ND-SI.<\/p>\n<\/li>\n<li><span class=\"head\">ALM returns:<\/span><br \/>\n(i) Statement of short-term dynamic liquidity in format ALM [NBS-ALM1] -Monthly,<br \/>\n(ii) Statement of structural liquidity in format ALM [NBS-ALM2] Half yearly,<br \/>\n(iii) Statement of Interest Rate Sensitivity in format ALM -[NBS-ALM3], Half Yearly<\/li>\n<li>\n<p class=\"head\">Branch Info return<\/p>\n<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"NBFCs_vs_Conventional_Banks\"><\/span><strong>NBFCs vs. Conventional Banks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>It is not a part of the payment and settlement system which is precisely the reason why it cannot issue cheques to its customers.<\/li>\n<li>Deposit insurance facility of DICGC is not available for NBFC depositors unlike in the case of banks.<\/li>\n<li>SARFAESI Act provisions have not currently been extended to NBFCs. Besides the above, NBFCs pretty much do everything that banks do.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NBFCs have come to be regarded as important financial intermediaries particularly for the small-scale and retail sectors with the growing\u00a0importance assigned to financial inclusion. In the multi-tier financial system of India, the importance of <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFCs<\/a> in the Indian financial\u00a0system is much discussed by various committees appointed by RBI in the past and RBI has been modifying its regulatory and supervising policies from time to time to keep pace with the changes in the system. NBFCs are an integral part of the Indian\u00a0financial system, enhancing competition and diversification in the financial sector, spreading risks specifically at times of financial distress and have been increasingly recognized as complementary of the banking\u00a0system at competitive prices. The Banking\u00a0sector has always been highly regulated, however, simplified sanction procedures, flexibility and timeliness in meeting the credit needs and low-cost operations resulted in the NBFCs getting an edge over banks in providing funding. NBFCs have been pioneering at retail asset-backed lending, lending against securities, microfinance, etc. and have been extending<\/p>\n<blockquote>\n<p>Related Articles:<\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/regulations-for-nbfcs\/\">Regulations governing NBFCs in India<\/a><\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/buying-and-selling-of-nbfcs-in-india\/\">Buying and Selling of NBFCs<\/a><\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/due-diligence-nbfc\/\">Procedure for Due diligence of NBFCs<\/a><\/p>\n<\/blockquote>\n<p>For further information regarding <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\">NBFC Registration<\/a> visit our website:\u00a0<a href=\"https:\/\/www.legalraasta.com\/\">Legal Raasta<\/a><\/p>\n<p>Or you can contact our experts at +91 8750048585.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meaning and Types of NBFCs Non-Banking Financial Company (NBFCs) may be defined as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934. NBFCs provides banking services without meeting the legal definition of a bank such as holding a banking license. \u00a0Section 45-I [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":13673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141],"tags":[233,231,230,232],"class_list":["post-13624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nbfc","tag-classification-of-nbfcs","tag-nbfc-registration-n-india","tag-nbfcs","tag-summary-of-nbfcs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Non Banking Financial Company (NBFCs) - An Overview | LegalRaasta<\/title>\n<meta name=\"description\" content=\"NBFCs may be defined as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non Banking Financial Company (NBFCs) - An Overview | LegalRaasta\" \/>\n<meta property=\"og:description\" content=\"NBFCs may be defined as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalraasta.com\/blog\/non-banking-financial-company\/\" \/>\n<meta property=\"og:site_name\" content=\"LegalRaasta Knowledge portal\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-22T11:04:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-08T05:15:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2018\/08\/NBFC-blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"830\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Author: LegalRaasta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author: LegalRaasta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalraasta.com\\\/blog\\\/non-banking-financial-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalraasta.com\\\/blog\\\/non-banking-financial-company\\\/\"},\"author\":{\"name\":\"Author: LegalRaasta\",\"@id\":\"https:\\\/\\\/www.legalraasta.com\\\/blog\\\/#\\\/schema\\\/person\\\/8fffceba7148ae1120f0bd4bf73b0c62\"},\"headline\":\"Non Banking Financial Company &#8211; 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