Category: Finance

Different types/categories of NBFCs registered with RBI

NBFCs are cat­e­go­rized a) in terms of the type of lia­bil­i­ties into Deposit and Non-Deposit accept­ing NBFCs, b) non deposit tak­ing NBFCs by their size into sys­tem­i­cal­ly impor­tant and oth­er non-deposit hold­ing com­pa­nies (NBFC-NDSI and NBFC-ND) and c) by the…

Difference between banks & NBFCs

NBFCs lend and make invest­ments and hence their activ­i­ties are akin to that of banks; how­ev­er there are a few dif­fer­ences as giv­en below: i. NBFC can­not accept demand deposits; Share on: whatsapp

What is a Non-Banking Financial Company (NBFC)

A Non-Bank­ing Finan­cial Com­pa­ny (NBFC) is a com­pa­ny reg­is­tered under the Com­pa­nies Act, 1956 engaged in the busi­ness of loans and advances, acqui­si­tion of shares/stocks/bonds/debentures/securities issued by Gov­ern­ment or local author­i­ty or oth­er mar­ketable secu­ri­ties of a like nature, leasing,…