We usually think that loans are only given by banks but no. Our maid said that they have been planning to have a house soon and for that they will be availing a loan as well. My mother asked which bank she was going to take it to but she said none. I got a bit surprised and then thought maybe some people will be helping her but she said that she will be availing the loan from a NBFC. Later in the evening I asked my mother what is NBFC company in India and its full form. She explained that it is the abbreviation for Non-Banking Financial Company who are involved in business of loans and advances and even acquisition of shares/ stocks/ bonds/ debentures/ securities and more.
NoBroker InstaCash Loan
Get upto Rs. 10 Lakhs Instantly in your Bank Account with hassle free auto repayment.
Instant approval and disbursement
Interest rate starting 12.99%
What is a Non Banking Financial Company example?
NBFCs are not subjected to follow the banking regulations and oversight by federal and state authorities adhered to by traditional banks. Some examples of NBFCs are:
Investment Banks
Mortgage Lenders
Money Market Funds
Insurance Companies
Hedge Funds
Private Equity Funds and P2P lenders
I hope this details answers What is NBFC bank and some examples of it.
Under which Act are these NBFC banks listed?The NBFC companies are listed under the Companies Act 1956.
This is all I know about what is NBFC company.
Read More:How to get Pmayuclss Application ID from Banker or NBFC?
Your Feedback Matters! How was this Answer?
NoBroker Cash Loans
✔
Max Funding✔
Lowest Interest Rates✔
Quick Sanction✔
Doorstep Assistance✔
No Hidden Charges
Get Cash Loan
Apply Now
Know your Borrowing Capacity
Check Eligibility
Compare Loans
Calculate Your EMI Now
What Is NBFC Company?
Nitish
282 Views
1
2 Year
2022-08-04T09:37:12+00:00 2022-08-04T09:37:14+00:00Comment
Share