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What is a Non-Banking Financial Company (NBFC), What are the types of NBFC?

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What is a Non-Banking Financial Company (NBFC), What are the types of NBFC?
posted Apr 5, 2016 by Babita Thawani

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Non-banking financial companies, or NBFCs, are financial institutions that provide certain types of banking services, but do not hold a banking license. Generally, these institutions are not allowed to take deposits from the public, which keeps them outside the scope of traditional oversight required under banking regulations. NBFCs can offer banking services such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities.

Types of Non-banking financial companies

Asset Finance Company(AFC)
Investment Company (IC)
Loan Companies (LC)
Infrastructure Finance Company (IFC)
Systemically Important Core Investment Company (CIC-ND-SI)
Infrastructure Debt Fund (IDF-NBFC)
Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI)
Non-Banking Financial Company – Factors (NBFC-Factors)

answer Jul 11, 2017 by Sumeet Vyas
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